Recently authorized patents shed light on the surveillance capabilities of China's digital currency
October 21, 2020, 2:34PM EDT · 3 min read
Quick Take
- The People’s Bank of China recently received authorizations for 15 out of 65 submitted patent applications for DC/EP.
- The authorized patents shed light on tracking capabilities and touch on “controllable anonymity” features of the system.
- The authorizations come as China ramps up real-world testing of the digital currency.
The PBOC has recently received authorization for 15 patent applications for its digital currency system and has expanded real-world testing.
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