A symbol of the digital yuan, also referred to as e-CNY, is pictured on a vending machine at a subway station in Shanghai on April 21, 2021. Photo: Reuters
A symbol of the digital yuan, also referred to as e-CNY, is pictured on a vending machine at a subway station in Shanghai on April 21, 2021. Photo: Reuters
Nathan Thompson
Opinion

Opinion

Nathan Thompson

Why central bank digital currencies would mean the end of data privacy

  • There are numerous hurdles banks will need to clear before centralised digital currencies become a reality
  • The biggest, though, will surely be convincing users to give authorities access to all their transactions, with no option to back out later

A symbol of the digital yuan, also referred to as e-CNY, is pictured on a vending machine at a subway station in Shanghai on April 21, 2021. Photo: Reuters
A symbol of the digital yuan, also referred to as e-CNY, is pictured on a vending machine at a subway station in Shanghai on April 21, 2021. Photo: Reuters
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