This is the first CBDC model proposing a hybrid system that combines direct central bank control with pseudo-anonymous transactions - a technical architecture that could enable instant switching between privacy and surveillance. The OpenCBDC 2PC framework's ability to separate identity from transactions while maintaining central oversight creates unprecedented capability for selective financial monitoring.
Bank of Canada CBDC Design Enables Direct Digital Cash Control
📰 What Happened
The Bank of Canada released a research paper detailing technical specifications for a retail Central Bank Digital Currency using the OpenCBDC 2PC model developed with MIT. The system enables direct digital fund holdings and emphasizes privacy through separated identity and transaction data. While users can maintain self-custodied wallets without sharing identity, the infrastructure includes potential for zero-knowledge proofs to obscure transaction amounts. This follows Canada's earlier stance of maintaining CBDC readiness while not actively pursuing implementation.
📖 Prophetic Significance
The Bank of Canada's CBDC design reveals three critical prophetic developments: 1) The self-custodied wallet system creates an infrastructure for universal individual accounts directly controlled by central authorities, 2) The separation of identity and transaction data enables selective application of financial surveillance - precisely what would be needed to target specific groups, 3) The zero-knowledge proof capability allows transactions to be either hidden or exposed at will. These align with Revelation's description of centralized economic control that can be specifically directed at those refusing to worship the beast system. The technical framework demonstrates how modern cryptography enables both privacy and precise targeting simultaneously.