International survey examines privacy risks of digital currencies

02/06/2023 | Scientific Reports

Governments worldwide are considering the introduction of new digital currencies, but knowledge about their acceptance is limited. Regulatory uncertainty about the impact of a Central Bank Digital Currency (CBDC) on competition, financial stability, and technical implementation raises questions. A survey experiment conducted in the US, Germany, and India investigated the acceptance of an app-based monthly digital payment similar to Universal Basic Income. Results raised privacy questions and showed reservations about multinational tech companies establishing new digital mediums of exchange and contextual differences in acceptance levels between populations.

Read Full Story
Crypto, bitcoin

What is this page?

You are reading a summary article on the Privacy Newsfeed, a free resource for DPOs and other professionals with privacy or data protection responsibilities helping them stay informed of industry news all in one place. The information here is a brief snippet relating to a single piece of original content or several articles about a common topic or thread. The main contributor is listed in the top left-hand corner, just beneath the article title.

The Privacy Newsfeed monitors over 300 global publications, of which more than 4,350 summary articles have been posted to the online archive dating back to the beginning of 2020. A weekly roundup is available by email every Friday.

Freevacy has been shortlisted in the Best Educator category.
The PICCASO Privacy Awards recognise the people making an outstanding contribution to this dynamic and fast-growing sector.