Don't expect the digital yuan to be anonymous. The head of the People’s Bank of China digital currency institute believes a completely anonymous CBDC would interfere with preventing crimes such as money laundering and terrorism financing.
should not be as anonymous as cash, the head of the People’s Bank of China digital currency institute declared.of China’s CBDC project at the 5th Digital China Construction Summit on Monday, local financial publication Sina Finance reported.in 2020, the Chinese central bank has never targeted complete anonymity for the project, Mu said at the event. Instead, PBoC has been working to enable only limited anonymity in compliance with global Anti-Money Laundering regulations, the official stated.
However, a completely anonymous CBDC would interfere with the prevention of crimes like money laundering, terrorism financing, tax evasion and others, he added.
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