Economists at the Federal Reserve Bank of New York suggest that privacy concerns at “Big Tech” firms like Facebook—which are developing their own digital currencies—could help position Central Bank Digital Currencies (CBDCs) as a better alternative.
The post US Fed: Privacy concerns in “Big Tech” are good for state-backed digital currencies appeared first on CryptoSlate.
Tag: Privacy
Crypto users speak out on proposed change to FinCEN Travel Rule
“This proposal, if adopted, would prove to be an invasion of privacy.”
Privacy coins no more? CipherTrace files patents for tracing Monero transactions
The firm claims it will be able to identify XMR used for illicit purposes to support criminal investigations.
IMF lawyers argue that central banks need reform before they can issue CBDCs
New and developing research from the International Monetary Fund suggests that central banks around the world need new legal definitions for tokenized currencies.
Duality Technologies Launches Platform for Analyzing Big Data While Keeping It Private
The platform is a step forward in practical uses for Homomorphic Encryption, letting multiple actors conduct analysis while keeping the data encrypted.
Data Is Labor: Why We Need Data Unions
It’s time to unionize and take back the wealth created by personal data, says a leading activist.
Privacy should be at the core of CBDCs, says Boston Fed research director
Privacy should be a key talking point from the beginning of CBDC development.
Monero podcaster loses NY congressional race
“Monero aligns with the ideals America was founded upon. It is America 2.0 — a protocol to preserve liberty in the digital age,” said Tuman.
California’s Prop. 24 Could Be a ‘Silver Lining’ for Crypto Exchanges Looking to Comply With GDPR
Chair of the Prop. 24 advisory board and crypto advocate, Andrew Yang, thinks it could set a new bar for data privacy rights across the U.S.
Blockstream Is Working on Simpler, More Private Multi-Sig Bitcoin Transactions
Made possible by Taproot, MuSig2 is designed to make multi-signature Bitcoin transactions less complex without sacrificing privacy.
