Central bank digital money and the sphere of privacy

Digitization has already covered many areas, and now it is entering the field of money. Central banks have begun work on the concept of issuing a new form of money – Central Bank Digital Currency (CBDC). Recognizing the advantages of introducing a digital form of central bank money emphasized in the literature, it is also necessary to pay attention to its potential threats, in particular to the rights and freedoms of citizens, including in the sphere of privacy. The aim of the article is to demonstrate that the emerging possible models of issue and functioning as well as the features of this money may result in significant threats to the sphere of privacy if this money is introduced in accordance with existing projects.

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