skip to main content
research-article
Free access

Mapping the Privacy Landscape for Central Bank Digital Currencies

Published: 22 February 2023 Publication History

Abstract

Now is the time to shape what future payment flows will reveal about you.

References

[1]
Acquisti, A., Brandimarte, L., Hancock, J. How privacy's past may shape its future. Science 375, 6578 (2022), 270--272; https://bit.ly/3WGkkIe.
[2]
Andolfatto, D. Assessing the impact of central bank digital currency on private banks. The Economic J. 131, 634 (2021), 525--540; https://academic.oup.com/ej/article-abstract/131/634/525/5900973.
[3]
Auer, R., Böhme, R. The technology of retail central bank digital currency. BIS Quarterly Rev. (2020), 85--100; https://www.bis.org/publ/qtrpdf/r_qt2003j.htm.
[4]
European Central Bank. Exploring anonymity in central bank digital currencies. In Focus 4 (2019); https://bit.ly/3TlURRx
[5]
Boissay, F., Ehlers, T., Gambacorta, L., Shin, H.S. Big techs in finance: on the new nexus between data privacy and competition. BIS Working Papers 970, 2021; https://www.bis.org/publ/work970.htm.
[6]
Bordo, M.D., Levin, A.T. Central bank digital currency and the future of monetary policy. National Bureau of Economic Research. Working Paper 23711 (2017); https://www.nber.org/papers/w23711.
[7]
Chaum, D. Security without identification: Transaction systems to make Big Brother obsolete. Commun. ACM 28, 10 (Oct. 1985), 1030--1044
[8]
Chaum, D., Grothoff, C., Moser, T. How to issue a central bank digital currency. 2021, arXiv 2103.00254; https://arxiv.org/abs/2103.00254.
[9]
Darbha, S., Arora, R. Privacy in CBDC technology. Bank of Canada. Staff Analytical Note 2020-9, 2020; http://bit.ly/3UpFPvw.
[10]
Garratt, R. Lee, M.J. Monetizing privacy. Federal Reserve Bank of New York. Staff Report 958, 2021; https://nyfed.org/3UIWQAt.
[11]
Matte, C., Bielova N., Santos, C. Do cookie banners respect my choice? Measuring legal compliance of banners from IAB Europe's Transparency and Consent Framework. In Proceedings of IEEE Symp. Security and Privacy, 2020, 791--809; https://ieeexplore.ieee.org/stamp/stamp.jsp?arnumber=9152617.
[12]
Official Monetary and Financial Institutions Forum. Digital currencies: a question of trust, 2020; https://bit.ly/3G0TOTY.
[13]
Wheatley, S., Maillart, T., Sornette, D. The extreme risk of personal data breaches and the erosion of privacy. The European Physical Journal B 89, 7 (2016); https://link.springer.com/article/10.1140/epjb/e2015-60754-4.
[14]
Wüst, K., Kostiainen, K., Capkun, V., Capkun, S. PRCash: Fast, private and regulated transactions for digital currencies. Financial Cryptography and Data Security, LNCS 11598. I. Goldberg and T. Moore, eds. Springer, 2019, 158--178; https://link.springer.com/content/pdf/bfm%3A978-3-030-32101-7%2F1.pdf.
[15]
Wüst, K., Kostiainen, K., Capkun, S. Platypus: A central bank digital currency with unlinkable transactions and privacy preserving regulation. ACM CCS 2022

Cited By

View all
  • (2024)How do privacy concerns impact actual adoption of central bank digital currency? An investigation using the e-CNY in ChinaQuantitative Finance and Economics10.3934/QFE.20240068:1(126-152)Online publication date: 2024
  • (2024)CBDC and Trust in A Central Bank: Transitivity Of Preferences Vs. The Privacy ParadoxFinancial Internet Quarterly10.2478/fiqf-2024-002520:4(32-47)Online publication date: 17-Dec-2024
  • (2024)Focusing on Users: Lessons for Canada's CBDC from the Digital Euro and Digital PoundSSRN Electronic Journal10.2139/ssrn.5003650Online publication date: 2024
  • Show More Cited By

Recommendations

Comments

Information & Contributors

Information

Published In

cover image Communications of the ACM
Communications of the ACM  Volume 66, Issue 3
March 2023
87 pages
ISSN:0001-0782
EISSN:1557-7317
DOI:10.1145/3585257
  • Editor:
  • James Larus
Issue’s Table of Contents
Permission to make digital or hard copies of all or part of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for components of this work owned by others than the author(s) must be honored. Abstracting with credit is permitted. To copy otherwise, or republish, to post on servers or to redistribute to lists, requires prior specific permission and/or a fee. Request permissions from [email protected].

Publisher

Association for Computing Machinery

New York, NY, United States

Publication History

Published: 22 February 2023
Published in CACM Volume 66, Issue 3

Permissions

Request permissions for this article.

Check for updates

Qualifiers

  • Research-article
  • Popular
  • Refereed

Funding Sources

  • Office of the Privacy Commissioner of Canada
  • NSERC
  • Anniversary Fund of the Oesterreichische Nationalbank

Contributors

Other Metrics

Bibliometrics & Citations

Bibliometrics

Article Metrics

  • Downloads (Last 12 months)697
  • Downloads (Last 6 weeks)83
Reflects downloads up to 18 Jan 2025

Other Metrics

Citations

Cited By

View all
  • (2024)How do privacy concerns impact actual adoption of central bank digital currency? An investigation using the e-CNY in ChinaQuantitative Finance and Economics10.3934/QFE.20240068:1(126-152)Online publication date: 2024
  • (2024)CBDC and Trust in A Central Bank: Transitivity Of Preferences Vs. The Privacy ParadoxFinancial Internet Quarterly10.2478/fiqf-2024-002520:4(32-47)Online publication date: 17-Dec-2024
  • (2024)Focusing on Users: Lessons for Canada's CBDC from the Digital Euro and Digital PoundSSRN Electronic Journal10.2139/ssrn.5003650Online publication date: 2024
  • (2024)Privacy implications of central bank digital currencies (CBDCs): a systematic review of literatureEDPACS10.1080/07366981.2024.237679469:9(87-123)Online publication date: 15-Jul-2024
  • (2024)Decentralization Beyond Disintermediation: The Case of Central Bank Digital CurrenciesDecentralization Technologies10.1007/978-3-031-66047-4_12(215-236)Online publication date: 11-Dec-2024
  • (2023)What can central bank digital currency designers learn from asking potential users?Proceedings of the Nineteenth USENIX Conference on Usable Privacy and Security10.5555/3632186.3632195(151-170)Online publication date: 7-Aug-2023

View Options

View options

PDF

View or Download as a PDF file.

PDF

eReader

View online with eReader.

eReader

Digital Edition

View this article in digital edition.

Digital Edition

Magazine Site

View this article on the magazine site (external)

Magazine Site

Login options

Full Access

Media

Figures

Other

Tables

Share

Share

Share this Publication link

Share on social media