BIS Innovation Hub

The regime itself mandates, pilots or funds privacy-preserving technology.

What BIS Innovation Hub actually says

If you want evidence that the institutions writing the rules do not equate confidentiality with crime, this is where to look. Tourbillon concluded that it is feasible to implement a CBDC providing payer anonymity while combating illicit transactions, with the consumer disclosing nothing to the merchant, the banks or the central bank, and compliance handled at the merchant's bank instead. Agorá goes further on the wholesale side, and its finding is the one worth quoting: a shared ledger does not require shared data. Each institution runs its own sanctions and anti-money-laundering screening locally and shares only a binary pass or fail with the group. That is compliance without data pooling, demonstrated by the central banks' own research arm rather than argued by vendors.

What this means for confidential transactions

Bubble is built for exactly this shape of obligation: amounts and balances live on chain as ciphertexts, computation happens without decryption, and the only disclosure path is an on-chain access list through which an authorized party - an auditor, a supervisor, a counterparty - can request scoped decryption. That is confidentiality from the public, not from the regulator.