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<p>U.S. Treasury official Graham Steele emphasized the importance of privacy and anonymity in the design of a potential central bank digital currency (CBDC) during a Texas payments conference. Steele highlighted the challenge of balancing privacy and minimizing illegal transactions in a retail CBDC. He stated that technologies, including Privacy Enhancing Technologies, should be explored to protect user anonymity. Steele also mentioned that a retail CBDC backed by the <a href="https://www.coingabbar.com/en/crypto-currency-news/fed-meetings-impact-on-the-cryptocurrency-what-to-expect" rel="noopener noreferrer nofollow">Federal Reserve</a> could provide a safer option during bank runs. The U.S. Treasury is currently evaluating the implications of a CBDC, considering policy objectives related to financial leadership, national security, and privacy.</p>

Treasury Official Highlights Importance of Privacy in Retail CBDC

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