For example, China’s eCNY users are identified only by their mobile phone SIM cards for the lowest tier of access (a holding limit of ¥10,000, and transactions are limited to ¥2,000 up to ¥5,000 per day). However, by providing full names, addresses and phone numbers, and by linking the CBDC wallet with their bank accounts, users see their limits increase substantially (¥500,000 holding, ¥50,000 per transaction and ¥100,000 per day). Jamaica is the exception, in that there are no limits on CBDC holdings or transactions, but all holders face full-blown know-your-customer (KYC) requirements. Also, central banks typically have access only to pseudonymous data, but in some cases can reveal data or a person’s identity if they can show probable cause to do so (e.g., with a court order).
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December 04, 2021 at 01:24AM
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CBDCs for the People? Where the Current State of Digital Currency Research Leads - Coindesk
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