PANews 23 October news, according to DL News, Michael Mainelli, the Lord Mayor of the City of London, stated on Wednesday at an event hosted by digital pound enthusiasts 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 indicated that there is a dark side to this. He said: "This transparency also means a loss of privacy. I'm sorry, you can't have both."