Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»BLOCKCHAIN NEWS»BIS shows how CBDC payments can balance privacy and transparency.
BLOCKCHAIN NEWS

BIS shows how CBDC payments can balance privacy and transparency.

By Crypto FlexsNovember 29, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
BIS shows how CBDC payments can balance privacy and transparency.
Share
Facebook Twitter LinkedIn Pinterest Email

A recent report from Project Tourbillon, led by the Bank for International Settlements’ Innovation Hub, shows that significant progress has been made in balancing privacy and transparency in CBDCs.

Project Tourbillon, an initiative led by the Swiss Bank for International Settlements (BIS) Innovation Hub, has made significant progress in the area of ​​central bank digital currencies (CBDCs). The main focus of this project is maintaining user privacy in digital currency transactions, which is an important and complex issue in the digital financial environment.

The recently released final report of Project Tourbillon reveals a nuanced approach to privacy in CBDC transactions. We propose a system that allows users to make payments without disclosing personal information to merchants or third parties.

The design aims to protect individual privacy, a fundamental concern in the digital age, but without compromising the transparency needed for merchants who must disclose their identities to banks. This approach addresses key challenges such as preventing tax evasion and illicit financial activities.

Thomas Moser of the Swiss National Bank highlights the difficulty of this balance, pointing to the technical difficulties in ensuring privacy protection and the need to prevent misuse of high-level privacy protection features.

Project Tourbillon has successfully developed two scalable prototypes, demonstrating their potential to handle increasing transaction volumes. However, the project is still in its early stages. There are a number of avenues that require further investigation, including sustainable business models, the feasibility of offline payments, and other important features that make CBDC adoption possible.

Follow us on Google News

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

2025-26 discussions about which coins will be ranked first in Memecoin Cycle

August 21, 2025

GEMINI has been disclosed by IPO, Tilecer Gemi’s NASDAQ listing plan

August 16, 2025

Flareonix airdrop is live! Under the share of 100m FXP today!

August 11, 2025
Add A Comment

Comments are closed.

Recent Posts

Will Cardano (ADA) step back and push the bear back low?

August 22, 2025

Partner relationship with SBI HOLDINGS to distribute RLUSD Stablecoin

August 22, 2025

MetaWin Announces “MetaWin Create” – Free AI Tools For All MetaWinners NFT Holders

August 22, 2025

A new era of encryption? A Doj official says that a developer with a good intention is not a goal.

August 22, 2025

ESCAPE Presale Live On Ethereum With $280K Raised, Hacken Audited And SolidProof KYC Verified

August 21, 2025

WhalePlay Beta Launch: Next-Level Social IGaming Platform

August 21, 2025

Hyra Network Wins Prestigious Chairman’s Award 2025 At WITSA Global AI Summit

August 21, 2025

Since the leakage is not over, the price of Stellar (XLM) is faced with a fall.

August 21, 2025

2025-26 discussions about which coins will be ranked first in Memecoin Cycle

August 21, 2025

Buyback And Burn Of $MBG Unveiled As MultiBank Group Posts $209M H1 Revenue

August 20, 2025

Cointel Raises $7.4M In Strategic Round Led By Avalanche And Sugafam Inc.

August 20, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Will Cardano (ADA) step back and push the bear back low?

August 22, 2025

Partner relationship with SBI HOLDINGS to distribute RLUSD Stablecoin

August 22, 2025

MetaWin Announces “MetaWin Create” – Free AI Tools For All MetaWinners NFT Holders

August 22, 2025
Most Popular

Tron Price Prediction: TRX Surpasses Bitcoin. Can we reach $0.132?

May 10, 2024

Bitcoin, XRP Risk 30% Loss if ‘Triple Bottom’ Confirmed

July 12, 2024

Ethereum (ETH) layer 2 scaling solution Arbitrum (ARB) experiences ‘massive outage’ due to surge in traffic

December 16, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.