Journal of Financial Market Infrastructures

The threat of privacy

Charles M Kahn

  • Demand for transaction privacy arises not only from illegal activity, but also from the desire for protection from unwanted actions by other transactors or by payments system providers.
  • Central banks issuing e-money will not be trusted to provide privacy. Instead there will be continued growth of competing private services providing transactions privacy.

This issue collects selected papers from the Financial Market Infrastructure Conference II: New Thinking in a New Era, hosted and organized by De Nederlandsche Bank with support from the Bank of Canada, the Bank of England, the Bank of Mexico, the Law Department of the London School of Economics (LSE Law) and The Journal of Financial Market Infrastructures. The following is the text of a keynote address by Charles M. Kahn, presented at the conference.

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