====== Privacy-Protected ======
[[cbdc:public:cbdc_omg:8_append:20_glossary:start| Return to Glossary ]]

**Privacy-Protected** means that the [[cbdc:public:cbdc_omg:8_append:20_glossary:cbdc]] protecting consumer privacy is critical. Any CBDC would need to strike an
appropriate balance, however, between safeguarding the privacy rights of consumers and affording
the transparency necessary to deter criminal activity.

Source: [[https://www.federalreserve.gov/publications/files/money-and-payments-20220120.pdf ]]

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