Central Bank Digital Currency Data Use and Privacy Protection

Released on by Mr. Kieran P Murphy
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  • Central Bank Digital Currency Data Use and Privacy Protection Book Detail

  • Author : Mr. Kieran P Murphy
  • Release Date : 2024-08-30
  • Publisher : International Monetary Fund
  • Genre :
  • Pages : 50
  • ISBN 13 :
  • File Size : 83,83 MB
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Central Bank Digital Currency Data Use and Privacy Protection by Mr. Kieran P Murphy PDF Summary

Book Description: This note offers a framework to help countries navigate, as well as tools to help them manage, the trade-offs between CBDC data use and privacy protection. It addresses retail CBDC, as data access and privacy-preserving considerations in a wholesale environment are similar to those of the traditional RTGS systems. It emphasizes the role of institutional arrangements, data collection, access and storage policies, design choices, and technological solutions. At a given level of preference for privacy, central banks can facilitate better use of CBDC data through robust transparency and accountability arrangements, sound policies, and judicious adoption of privacy-by-design approaches including the use of privacy-enhancing technologies.

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