Surveillance Risks Shape How Central Banks Test Digital Currencies

Beijing has released few details about e-CNY’s underlying technologies. Publicly available data suggest a centralized system that allows authorities to monitor transactions in real time, said Yaya Fanusie, an adjunct senior fellow at the Center for a New American Security think tank.

Human rights advocates say such granular data could help fuel China’s social credit system, in which Beijing uses digital surveillance to police behavior such as jaywalking or poor spending habits. But some early users aren’t bothered by such warnings.

Read the full story and more from The Wall Street Journal.