Saturday, December 14, 2024

Tag: BIS Chief Backs Programmable CBDCs

BIS Chief Backs Programmable CBDCs, Defends “Limits of Privacy”

by Didi Rankovic, Reclaim The Net:

One man’s trash is another man’s treasure, as they say – and so what are some of the least desirable features of a central bank-issued digital currency (CBDC) to critics, are promoted as positive by those behind the push for CBDC adoption.

Thus, Bank for International Settlements (BIS) General Manager Agustin Carstens – likes the fact CBDC are programmable, and he also doesn’t mind “limits on privacy.”