Tokenization as a pathway to anonymity in central bank digital currencies
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F26482789%3A_____%2F25%3A10152743" target="_blank" >RIV/26482789:_____/25:10152743 - isvavai.cz</a>
Result on the web
<a href="https://www.sciencedirect.com/science/article/pii/S027553192500025X?dgcid=author" target="_blank" >https://www.sciencedirect.com/science/article/pii/S027553192500025X?dgcid=author</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.ribaf.2025.102769" target="_blank" >10.1016/j.ribaf.2025.102769</a>
Alternative languages
Result language
angličtina
Original language name
Tokenization as a pathway to anonymity in central bank digital currencies
Original language description
Central Bank Digital Currencies (CBDCs) have emerged as a pivotal innovation in the financial landscape. However, a fundamental challenge arises when considering the inherent nature of retail CBDCs: the potential loss of transactional anonymity, a hallmark feature of physical cash. This paper posits that while direct digital representations of currency may struggle to maintain user anonymity due to traceable digital footprints, tokenization could offer a solution. However, tokenized CBDCs would require users to engage with hardware wallets and third-party storage solutions, initially presenting a barrier due to the general public's unfamiliarity with such technologies. We propose that broad tokenization may address these challenges. As tokenization spreads and the upcoming generation becomes proficient in handling private keys, CBDCs could mirror cash's anonymity. This paper highlights the role of financial and IT education in building trust in tokenization and bridging the anonymity gap between digital and physical currencies.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50204 - Business and management
Result continuities
Project
—
Continuities
N - Vyzkumna aktivita podporovana z neverejnych zdroju
Others
Publication year
2025
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Research in International Business and Finance
ISSN
0275-5319
e-ISSN
1878-3384
Volume of the periodical
75
Issue of the periodical within the volume
březen 2025
Country of publishing house
NL - THE KINGDOM OF THE NETHERLANDS
Number of pages
25
Pages from-to
102769
UT code for WoS article
001406426600001
EID of the result in the Scopus database
2-s2.0-85215384395