PETs_ THE GUARD DOGS OF DIGITAL PRIVACY

2024

Open publication workspace · Sign in to read the full PDF.

AI-generated summary

1) This report explores how Privacy-Enhancing Technologies (PETs) like pseudonymization, zero-knowledge proofs, and secure multiparty computation can be integrated into a potential digital pound to safeguard user privacy while complying with AML and CFT regulations.
2)
- Explains core financial privacy concepts and the proposed platform model for a digital pound involving Payment Interface Providers (PIPs).
- Details technical mechanisms, trade-offs, and limitations of PETs including pseudonymization, zero-knowledge proofs, and multiparty functionalities.
- Analyzes U.K. anti-money laundering regulations and how PETs can assist with customer due diligence, sanctions screening, and key management challenges.
3) Tags: CBDC, privacy-enhancing-technologies, digital-pound, cryptography, financial-regulation

Check the original publication for accuracy and context.