A report has predicted a rise in digital currency transactions, as 105 countries are currently developing central bank digital currencies (CBDCs). However, concerns have been raised about the potential negative impacts of CBDCs on privacy and monetary policy transmission channels. Some central bank officials have questioned the necessity of CBDCs.

Despite this, there is potential for CBDCs to protect privacy rights, as demonstrated by the e-crona pilot of Riksbank which uses a blockchain project developed by Accenture. The implementation of CBDCs must be carefully considered to ensure privacy, financial freedom, and market stability are not compromised.