The Bank for International Settlements (BIS) says digital cash can give users privacy close to what physical cash offers. It also says the technology is not yet ready for production use. Cointelegraph reported this on Oct 13, 2026.
The BIS named bank data breaches as one of the risks still in the way. If a bank holding user information is breached, users' personal data could be exposed. That means the privacy of the design depends partly on how well banks protect the data they keep.
The coverage does not say which digital cash design the BIS looked at. It also gives no timeline for when the technology might be ready, and it does not name any bank or any real breach. Any rules, pilots or launches that might follow are not yet known.
For someone already holding a perpetual futures position on Bitget, Bybit, MEXC or OKX, this changes nothing directly. The BIS statement does not touch funding rates, trading fees or order book liquidity on any of these exchanges. It is a central-bank research view on digital cash privacy, not a market or exchange event.
Source: cointelegraph — Digital cash offers ‘cash-like privacy,’ but bank data breaches threaten users: BIS