Crypto
BIS says digital currency can match cash-level privacy but not ready for rollout
The Bank for International Settlements said digital currencies could be designed to offer privacy similar to cash, but warned it is too early to deploy current prototypes as live services because risks such as data leaks at financial institutions remain. In its Phase 2 report on Project Aurum, the BIS outlined the technical feasibility and limits of a privacy-preserving digital cash prototype. It said security and system stability must be ensured alongside privacy protections.
