China has vowed to protect the privacy of users of the digital yuan as it pushes for greater adoption, allaying fears from the country’s critics. Mu Changchun, director-general of the Digital Currency Research Institute of the People’s Bank of China (PBoC) has reiterated the government’s commitment to protecting the privacy rights of digital yuan users. The concerns around privacy have been a talking point for critics of central bank digital currencies (CBDCs) in general, and have been heightened over China’s past and previous privacy violations of its citizens. A core feature of the CBDC is limited anonymity, although it remains...