GNU Taler begins operating in Switzerland, distributed by the Taler Operations AG. Gnu Taler aims to be a “digital wallet” and has been used by the swiss national bank as well as the european national bank as a example for how a digital currency handed out by the state could work. It aims to be as privacy preserving as cash for the buyer while not allowing the seller to evade taxes.

Currently the Taler is brought out by a special organisation, the “Taler Operations AG”, and not the national bank, although both the national bank as well as the Taler Team have shown interest in a official digial currency by the national bank based on the Taler. But we need to relativate as the national council has stated that the introduction of a digital currency would probably take relatively major legislative changes and therefore take a bit of time.

  • atro_city@fedia.io
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    1 day ago

    Banking secrecy, alternatively known as financial privacy, banking discretion, or bank safety, is a conditional agreement between a bank and its clients that all foregoing activities remain secure, confidential, and private.

    That means private, not anonymous. The bank still knows who you are, that you have a bank account (or multiple) there, how much money the bank accounts have, who transferred money to the bank account and who took it out. Bank transfers require knowledge of a name, bank number, bank account number, and sometimes even more information e.g if a transfer above 10k is made it has to be reported to the IRS (same applies in Europe) - if you were anonymous, that wouldn’t be possible.

    Also, that wiki page links to more pages about banking privacy in multiple countries. Nowhere does it mention anonymity.

    Privacy != anonymity

    • suoko@feddit.it
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      18 hours ago

      100% anonymity is usually associated with criminality. Nobody cares about your dildo

      • atro_city@fedia.io
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        9 hours ago

        Nobody cares about your dildo

        Well, you’re wrong about that too

        You should probably inform yourself about privacy and anonymity. I don’t have good works describing the difference and their importance, but there is one Why privacy matters by Glenn Greenwald. There are interviews of Snowden which are good as they explore his reasons for revealing the mass surveillance machine that the USA employs. Especially why “if you have nothing to hide, you have nothing to fear” is a fallacy where he said

        Arguing that you don’t care about privacy because you have nothing to hide, is like arguing that you don’t care about free speech because you have nothing to say.

        source

      • jenesaisquoi@feddit.org
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        11 hours ago

        Taler is specifically designed to prevent tax fraud and money laundering. I invite you to learn about it before passing judgement based on incorrect assumptions.