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US Fed: Privacy concerns in โ€œBig Techโ€ are good for state-backed digital currencies

Economists at the Federal Reserve Bank of New York suggest that privacy concerns at โ€œBig Techโ€ firms like Facebookโ€”which are developing their own digital currenciesโ€”could help position Central Bank Digital Currencies (CBDCs) as a better alternative. The economists, in their note, also stated that digital payment protocols and systems have bolstered this year as a […]

US Fed: Privacy concerns in โ€œBig Techโ€ are good for state-backed digital currencies