From “absolute control” to zero-knowledge proofs: the BIS rewrites its CBDC sales pitch

The Bank for International Settlements (BIS) has published results from the second phase of Project Aurum. The second phase of Project Aurum suggests that user privacy should rely on more than the central bank’s pledge not to look. The Bank for International Settlements (BIS) says Project Aurum Phase 2 is an early-stage test built on its earlier Aurum code. The BIS Innovation Hub developed it with the Hong Kong Monetary Authority and other institutions.