PUBLIC DIGITAL CURRENCIES OFFER OPPORTUNITY TO SNOOP ON MONEY LAUNDERERS – BUT PRIVACY CONCERNS MOUNT
January 22nd, 2023
The European Union (EU) is edging towards a digital Euro, one of several jurisdictions worldwide developing a central bank digital currency (CBDC), but what anti-money laundering controls would need to be built into the system and how can this be balanced with data protection and privacy considerations?
These EU plans, which are expected to be confirmed by the end of the year (2023), follow advice from the European Central Bank (ECB) about the need for a safe and trusted means of digital payment in the now 20-nation Eurozone (1), using the Euro as their national ...
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