BIS Warns Digital Cash’s Privacy Gains Face Risk From Bank Breaches

The Bank for International Settlements (BIS) says digital cash can be designed to deliver privacy characteristics similar to physical cash—but its latest research also underlines that significant technical and security questions remain before such systems can be deployed at scale. In a Project Aurum Phase 2 report released Tuesday, BIS describes a privacy-preserving digital cash prototype built on its existing Aurum codebase, aiming to balance “cash-like privacy” with the practical realities of running a system involving banks and validators. Key takeaways BIS argues digital cash can be engineered to preserve cash-like privacy while still enabling certain system-level functions.

Source: Crypto Breaking News