At one level, his concerns are partly understandable. Depending on how it is technically designed and legally regulated, a consumer-facing CBDC could potentially amass and store large volumes of personal information about individuals’ daily purchases and movements. Domestically, groups including the American Civil Liberties Union have repeatedly stressed the importance of maintaining cash-like privacy, should the executive branch and Congress move forward with a digital dollar.

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Author: JP Schnapper-Casteras

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