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Central bank digital currencies risk becoming a digital Leviathan

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Central bank digital currencies (CBDCs) already exist in several countries, with many more on the way. But although CBDCs can promote financial inclusivity by offering convenience and low transaction costs, their adoption must not lead to the loss of privacy and erosion of civil liberties.

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References

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Acknowledgements

The authors acknowledge helpful discussions with, and research assistance from, I. Abba, J.-W. Chang and J. Le Cornu.

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Authors and Affiliations

  1. Department of Mathematics, City University of London, London, UK

    Andrea Baronchelli

  2. The Alan Turing Institute, London, UK

    Andrea Baronchelli

  3. UCL Centre for Blockchain Technologies, University College London, London, UK

    Andrea Baronchelli

  4. Stern School of Business, New York University, New York, NY, USA

    Hanna Halaburda

  5. Department of Economics, University of Oxford, Oxford, UK

    Alexander Teytelboym

  6. St Catherine’s College, University of Oxford, Oxford, UK

    Alexander Teytelboym

  7. Institute for New Economic Thinking at the Oxford Martin School, Oxford, UK

    Alexander Teytelboym

Authors
  1. Andrea Baronchelli
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  2. Hanna Halaburda
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  3. Alexander Teytelboym
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Corresponding authors

Correspondence to Andrea Baronchelli, Hanna Halaburda or Alexander Teytelboym.

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The authors declare no competing interests.

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Baronchelli, A., Halaburda, H. & Teytelboym, A. Central bank digital currencies risk becoming a digital Leviathan. Nat Hum Behav 6, 907–909 (2022). https://doi.org/10.1038/s41562-022-01404-9

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  • DOI: https://doi.org/10.1038/s41562-022-01404-9

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