What Does Identity Access Buy? Pricing the Surveillance Increments in CBDC Transaction Monitoring
Version note · 19 September 2026
The hosted PDF is the earlier public version. A September revision on detector flexibility and review budgets is under coauthor review and has not replaced this download. Earlier equivalence claims should not be treated as established.
Summary
A research programme with Andrew Maksakov on CBDC privacy architecture and the informational requirements of transaction monitoring. The linked preprint explores identity access in synthetic monitoring. Subsequent checks narrowed the interpretation: these experiments do not establish identity-free equivalence, deployment readiness or a privacy guarantee.
Suggested citation
Murad Farzulla, Andrew Maksakov (2025). What Does Identity Access Buy? Pricing the Surveillance Increments in CBDC Transaction Monitoring. Dissensus Working Paper DAI-2511. DOI: 10.5281/zenodo.17917938
Methodology
Synthetic transaction monitoring
Information ablation
Review-budget analysis
Topics
Financial Markets
Cryptocurrency
Privacy & Cryptography