Eurochain: CBDC project seeks secure anonymity

Proof of concept blends anonymity with AML/CFT regulation

anonymous customers - Getty - web.jpg
User privacy: proposed design is one of the first that looks to balance anonymity with AML and CFT regulation

The European System of Central Banks has developed a proof of concept that would grant users of a central bank digital currency (CBDC) “some degree of privacy” for small transactions without compromising money laundering compliance.

Under the guidance of the European Central Bank, the ESCB has developed the “Eurochain” research technology – a hypothetical distributed ledger technology (DLT) network for CBDCs.

In a white paper, published on December 17, 2019, the ECB reveals details of the

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