Central Banks Are Privacy Providers of Last Resort

Central Banks Are Privacy Providers of Last Resort

(Matthew Henry/Unsplash)

J.P. Koning, a CoinDesk columnist, worked as an equity researcher at a Canadian brokerage firm and is a financial writer at a large Canadian bank. He runs the popular  blog.

Have central banks quietly pivoted to becoming consumer privacy advocates?

It certainly seems like it. Back in 2017, Denmark’s central bank it would “not be appropriate or acceptable” to issue an anonymous digital currency for public use. But a recent Bank of Canada paper of issuing digital currency with “enhanced privacy features.” It’s almost as if over the last 24 months central bankers have become bitcoiners (or at least zcashers).

I think this advocacy is probably a good thing. But it’s still in the early stages. Who knows where it will lead?

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