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BIS: Digital Cash Offers ‘Cash-like privacy’ but Bank Data Breaches Threaten Users

Summary by Cointelegraph
BIS said that digital cash can offer “cash-like privacy,” but the technology stack is not yet “production-ready,” due to bank data breach-related contagion concerns.

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On October 13, the Bank for International Settlements (BIS) published the "Project Aurum Phase 2" report, which examined privacy protection technologies for digital currencies... The post Digital currencies can achieve the same level of privacy as cash, but challenges remain = BIS first appeared on NADA NEWS.

The second phase of Project Aurum, published by the BIS on October 13, 2026, explores cryptographic tools to validate digital payments without revealing identities or amounts. The prototype does not yet operate commercially and its authors recognize possible costs for speed, programming and fund recovery.

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BIS report on Project Aurum assesses privacy in CBDC, points to risk of bank data leak and technology limitations

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Cointelegraph broke the news in New York, United States on Tuesday, October 13, 2026.
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