CBDCs Will Give Governments Surveillance Powers

The International Monetary Fund (IMF) published a report in August by Fintech Notes which detailed the privacy risk associated with central bank digital currencies (CBDCs). Titled ‘Central Bank Digital Currency Data Use and Privacy Protection’ it addressed retail-use of CBDCs and provided ‘a framework to help countries navigate, as well as tools to help them manage, the trade-offs between CBDC data use and privacy protection.’