The use of Central Bank Digital Currencies (CBDC) poses considerable risks to the privacy of Americans, potentially even limiting how citizens can use their own money, Federal Reserve Governor Michelle W. Bowman warned during a recent speech.
“In my view, safeguarding privacy is a top concern and is also often identified as a top concern of consumers and other stakeholders,” Bowman said in her April 18 speech at the Psaros Center for Financial Markets and Policy, part of Georgetown University’s McDonough School of Business in Washington.
