according to an official, there are several reasons why china cbdc shouldn’t be as anonymous as cash

An official from china’s central bank has stated that the cbdc should not be as anonymous as cash. mu changchun, the head of china’s digital yuan project, addressed the 5th digital china construction summit on monday about china’s cbdc initiative. following worldwide anti-money laundering (aml) standards, the pboc has been working to ensure that only limited anonymity is possible. china’s central bank governor, yi gang, remarked, “if it gives the same anonymity as cash, it will considerably assist criminal operations, such as money laundering.” concerns about user privacy have plagued cbdc projects around the world.

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