Privacy Protection a Top Issue for Digital Yuan: China’s Central Bank Governor

He explained that is accomplished via the fact that “transaction-related data is encrypted for storage,” “entities and individuals are prohibited from arbitrary inquiry or information usage without rigorous legal authorization” and that China’s central bank keeps “small-amount soft wallets and hard wallets to meet the need for small-value anonymous transactions, both online and offline.”

Source: https://www.coindesk.com/policy/2022/10/31/privacy-protection-a-top-issue-for-digital-yuan-chinas-central-bank-governor/?utm_medium=referral&utm_source=rss&utm_campaign=headlines