Third, a major decline in the demand for cash is unlikely to take place in the near future, and it is difficult to expect that the issuance of CBDCs will alter ongoing trends in a significant way. The reputational risks embedded in an entirely anonymous CBDC, especially if it involves unidentified individuals setting up accounts at the central bank, make this a questionable option.
But a CBDC design with anything less than full anonymity is likely to dent interest among the general public.