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Are Central Bank Coins the End of Financial Privacy?

As the European Union gets more serious about a digital euro, most central bank digital currencies intend to remove the anonymity of cash.

Updated Sep 14, 2021, 10:04 a.m. Published Oct 5, 2020, 8:30 p.m.
Breakdown 10.5

As the European Union gets more serious about a digital euro, most central bank digital currencies intend to remove the anonymity of cash.

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This episode is sponsored by Crypto.comNexo.io and Elliptic.

Today on the Brief:

  • Markets gain as Pres. Trump’s condition stabilizes
  • SEC Chairman Clayton sees future where all stocks are tokenized
  • Uniswap had more volume than Coinbase in September

Our main discussion: central bank coins and financial privacy.

The EU recently released a new research paper on a possible digital euro. Like many other official central bank reports, it assumes there is no possibility of an anonymous digital bank currency. NLW dissects arguments from people including JP Koning and CoinCenter’s Jerry Brito on why this shouldn’t be true.

See also: ‘The Fed Meetings Are a Dead Spectator Sport’ – Best of The Breakdown September 2020

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.

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