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commit 4c8b0b891c424a049cc82447afc89503a18068fe
parent 5a4272207d3d4fc198187d33bacb0d10824e3f8d
Author: Christian Grothoff <christian@grothoff.org>
Date:   Thu, 27 Jan 2022 20:01:45 +0100

auer

Diffstat:
A2022-privacy/bis948.pdf | 0
M2022-privacy/literature.bib | 12++++++++++++
M2022-privacy/privacy.tex | 2+-
3 files changed, 13 insertions(+), 1 deletion(-)

diff --git a/2022-privacy/bis948.pdf b/2022-privacy/bis948.pdf Binary files differ. diff --git a/2022-privacy/literature.bib b/2022-privacy/literature.bib @@ -28,6 +28,18 @@ year={2017}, publisher={Springer} } + + +@TechReport{bis948, + author = {Raphael Auer and Rainer B\"ohme}, + title = {Central bank digital currency: the quest for minimally invasive technology}, + institution = {Bank of International Settlement}, + year = {2021}, + type = {BIS Working Papers}, + number = {948}, + month = {June}, +} + @article{lightening, doi = {10.1088/1367-2630/aba062}, url = {https://doi.org/10.1088/1367-2630/aba062}, diff --git a/2022-privacy/privacy.tex b/2022-privacy/privacy.tex @@ -608,7 +608,7 @@ merely delegating responsibility for privacy-sensitive data to commercial banks. Such a delegation does not provide adequate protection against state overreach, as commercial banks still could too easily be compelled to sanction opposition against the ruling party. Nevertheless, Auer's -proposal~\cite{bis2021auer} to delegate the technical operation of a CBDC to +proposal~\cite{bis948} to delegate the technical operation of a CBDC to tightly supervised commercial banks as an alternative to the central bank acquiring the technological prowess to centrally operate such a system has merit: such a delegation can eliminate a likely single point of failure, and