[en] Central banks and governments all over the world are increasingly exploring digital versions of fiat money, known as retail Central Bank Digital Currencies (CBDCs). Most initiatives rely on Distributed Ledger Technologies and are presented as alternatives to physical cash. Consequently, anonymity-related regulatory questions arise in terms of Anti-Money Laundering and Counter-Terrorist Financing compliance. Against this backdrop, this paper provides a techno-legal taxonomy of approaches to balance privacy and transparency in CBDCs without thwarting accountability, but it also underlines cross-sectoral impacts. The contribution heeds regulation-by-design as its core methodological foundation, with Privacy-Enhancing Technologies as the relevant use case. Thus, it highlights that not only technology aids legal purposes, but also that some regulatory requirements ought to be designed into technology for one to reach agreed-upon results and/or standards.
Disciplines :
Ingénierie, informatique & technologie: Multidisciplinaire, généralités & autres
Auteur, co-auteur :
POCHER, Nadia ; Universitat Autònoma de Barcelona ; Alma Mater Studiorum Università di Bologna ; Katholieke Universiteit Leuven - KUL
Veneris, Andreas
Co-auteurs externes :
yes
Langue du document :
Anglais
Titre :
Privacy and Transparency in CBDCs: A Regulation-by-Design AML/CFT Scheme
Date de publication/diffusion :
mai 2021
Nom de la manifestation :
2021 IEEE International Conference on Blockchain and Cryptocurrency (ICBC)
Organisateur de la manifestation :
IEEE
Lieu de la manifestation :
Sydney, Australie
Date de la manifestation :
from 03-05-2021 to 06-05-2021
Manifestation à portée :
International
Titre de l'ouvrage principal :
Proceedings of the 2021 IEEE International Conference on Blockchain and Cryptocurrency (ICBC)
Peer reviewed :
Peer reviewed
Projet européen :
H2020 - 814177 - LAST-JD-RIoE - Law, Science and Technology Joint Doctorate: Rights of the Internet of Everything
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