"We find that both factors significantly increase participants' willingness to use CBDC by up to 60% when purchasing privacy-sensitive products," according to the report.
"Our findings imply that as long as CBDC is designed to provide sufficient anonymity and protect privacy while meeting the AML anti-money laundering and/or CFT combating the financing of terrorism regulations, it is more likely to substitute the existing payment instruments provided by the private sector, including commercial banks' demand deposits," the report said.
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