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Central banks are realising CBDCs will have to be intimately linked to identity to deal with illicit finance and bank disintermediation risk.
Goldman Sachs' econ research division, headed by Jan Hatzius, has a status report out this week on central bank digital currencies, and it inadvertently homes in on two factors that are increasingly becoming understood as essential in CBDC structures worldwide.
The first pertains to anonymity; the second, to how balances might be treated or capped to avoid the interest arbitrage that bleeds funding from the conventional banking system.
Click the link to read the full article: Financial Times