The People’s Bank of China has announced that its variation of cryptocurrency, the "digital yuan," will allow anonymous transactions in small amounts in a bid to add at least a token amount of privacy protection.
While Google has put on a public appearance of being more neutral and detached on the issue, a lawsuit revealed that it has quietly been working behind the scenes with Facebook to circumvent Apple’s new privacy protections.
Reasonable anonymous transactions have been proposed for the digital yuan, which is currently in testing in multiple regions of the country. PBOC officials have also promised to deliver the best privacy protection, though questions remain.
