Digital cash offers ‘cash-like privacy,’ but bank data breaches threaten users: BIS
Summary
According to the Bank for International Settlements, digital currency has the potential to deliver privacy comparable to physical money. However, the organization noted that this technology is not yet ready for deployment because vulnerabilities like bank data security breaches pose significant threats to users.
BIS said that digital cash can achieve “cash-like privacy,” however, the technology isn’t yet production-ready due to risks such as bank data breaches.
Source: Read the full story at Cointelegraph.com News
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