Anonymity in CBDC payments may mostly be same as cash payments: RBI Dy Guv

T Rabi Sankar said it will have to be decided whether achieving anonymity of transactions can be done using technology or the law

The degree of anonymity in retail transactions undertaken through Central Bank Digital Currency (CBDC) will “most likely be the same as that prevails for cash, Reserve Bank of India (RBI) Deputy Governor T Rabi Sankar said.

“The degree of anonymity that we need to achieve, this is especially for retail payments, what is most likely is that the degree of anonymity that you achieve is the exact same as the anonymity that prevails for cash. Which means there is anonymity for small value payments, beyond a threshold there need not be any anonymity, it can be reported data,” Rabi Sankar