PANews October 23 news, according to DL News, Michael Mainelli, the Lord Mayor of London’s financial district, stated at an event hosted by digital pound enthusiasts on Wednesday that central bank digital currencies threaten users' privacy. CBDCs can combat financial crime as payments are traceable, and transaction monitoring can be automated — but Mainelli noted that there is a dark side to this as well. He said: 'This transparency also means a loss of privacy. Sorry, you cannot have both.'