The Digital Euro Association (DEA) has published a new whitepaper to which Ripple Director of CBDC Product Management Anthony Ralphs was a contributor. Ripple called attention to this development in a tweet and blog post today.
The latter explains that with central banks around the world increasingly exploring Central Bank Digital Currencies (CBDCs), privacy has become an important consideration. DEA’s white paper takes a look at the subject of privacy and CBDCs.
It examines the importance of privacy and how it impacts the successful adoption, use, and implementation of Central Bank Digital Currencies. To gain user trust and allay fears of government surveillance, the DEA provides recommendations for improving privacy and security in a CBDC system.