Will central bank digital currencies enable anonymous payments? (hosted by Digital Euro Association)
Digital Euro Association: Will central bank digital currencies enable anonymous payments?
After the summer break, the Digital Euro Association hosts a webinar on the aspect of privacy for central bank digital currencies (CBDCs). Most of the central banks around the world consider issuing a CBDC mainly as a consequence of the declining use of cash as a means of payment and to position themselves against increased competition from novel forms of private sector-issued money such as cryptocurrencies and stablecoins. In most jurisdictions, CBDC design requirements and design principles are currently being analyzed and discussed. A consultation by the European Central Bank (ECB) revealed that privacy seems to be the most important requirement for a CBDC for European citizens. Privacy of transaction data is important for ensuring the security of the data and fair pricing, and avoiding data exploitation, amongst others. Therefore, a high degree of data privacy while complying with regulations such as anti-money laundering and combating the financing of terrorism seems to be desirable for a CBDC.
In consideration of these points, in this webinar, we focus on the topic of privacy of CBDCs and, amongst others, address the following questions:
Which use cases do CBDCs have?
Should a CBDC provide a high degree of privacy?
How can a CBDC be designed to enable a high degree of privacy?
Should central banks follow a “privacy-by-design” approach?
Can a CBDC have the privacy-preserving attributes of cash while complying with regulations?
Which types of technology can ensure data privacy, data security, and efficiency of transactions?
Which risks does privacy bring to CBDCs?
Participants of the webinar
Dr. Thomas Moser, Alternate Member of The Governing Board, The Swiss National Bank (SNB)
Dr. Wolfram Seidemann, Chief Executive Officer, Giesecke+Devrient (G+D) Currency Technology GmbH
Jonas Gross, Co-founder and Chairman, Digital Euro Association (DEA) Moderator: David Tercero-Lucas, Associate Team Member, Digital Euro Association (DEA)
Moderator: David Tercero-Lucas, Associate Team Member, Digital Euro Association (DEA)
Who should participate?
Supervisory and regulatory bodies that are empowered to design digital currency systems and/or would be affected by the changes in these systems
Employees and decision-makers from the financial sector interested in blockchain technology and advancements of the monetary system
Decision-makers and employees from the financial and capital market industry who would be affected by the introduction of digital currencies
Lawyers and consultants with a focus on capital market law and digitization
Decision-makers and employees from the financial and capital market industry who are affected by the regulation of the crypto market
Journalists from the economics and technology department
Other groups of people with an interest in capital markets, crypto assets, technology, and digitization
About the Digital Euro Association
The Digital Euro Association (DEA) is a think tank specializing in crypto assets, stablecoins, central bank digital currencies (CBDC), and other forms of digital money. Our mission is to contribute to the public and political discourse through research, education, and by providing a platform for discussion and a community for policy-makers, technologists, and economists. We are committed to independence and excellence, aiming to set the agenda and to shape policy by encouraging new ideas and forward-thinking in the field of digital money. We deal with new and innovative topics such as the digital, programmable Euro, and Libra, but also with “classical” crypto assets such as Bitcoin and Ether. More information on the Digital Euro Association can be found on our website, LinkedIn and Twitter.