BIS will focus on ensuring CBDC privacy this year
In November, the organization had already presented the first prototype of an anonymous national cryptocurrency
23.01.2024 - 15:45
291
2 min
0
What’s new? The Bank for International Settlements (BIS) has started a new phase of studying ways to ensure the privacy of national cryptocurrencies or central bank digital currencies (CBDCs). The organization has named this area as one of its priorities this year. Head of the BIS Innovation Hub Cecilia Skingsley said that privacy-enhancing technologies available for use in retail services will be explored.
What else is known? The research is being conducted as part of Project Aurum at the BIS Hong Kong center, with input from local financial regulators and academics. Project Aurum was launched in 2021 to study the architecture of multi-functional CBDCs.
The BIS Innovation Center also said it will release a minimum viable product (MVP) called mBridge that facilitates cross-border payments and is compatible with CBDCs of multiple central banks.
Authorities’ CBDC initiatives have been met with criticism in many countries due to the risks of total control over citizens. In the US, the issuance of the asset has already been banned in several states, with a bill to ban it at the federal level pending in Congress. Donald Trump has promised to prevent the emergence of the digital dollar if re-elected as president.
Trump promises to prevent the creation of a digital dollar if re-elected president
According to him, the asset poses a threat to the freedom of US citizens
Last November, BIS unveiled the Tourbillon project, which launched a prototype of an anonymous CBDC.
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$98 993
BTC
+1.83%
-
Ethereum
$3 372.06
ETH
+8.09%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.39
XRP
+25.42%
-
Dogecoin
$0.392715
DOGE
+2.07%
-
Cardano
$0.879488
ADA
+12.15%
-
Bitcoin Cash
$494.5
BCH
-6.63%
-
Polkadot
$6.21
DOT
+9.29%
-
Stellar XLM
$0.283595
XLM
+20.09%
-
Litecoin
$89.94
LTC
-0.61%