Survey finds 68% oppose spending data collection without explicit consent

Research by Cornell Tech Policy Institute, Bitcoin Policy Institute and Fedi points to broad support for stronger financial privacy protections in payments data.

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Summary

A financial privacy survey by Cornell Tech Policy Institute, Bitcoin Policy Institute and Fedi found that 68% of respondents said companies should never collect their spending data, or should do so only with explicit consent. The result highlights strong public sensitivity around payments data and suggests privacy remains a central issue in digital finance, where transaction information can be valuable for profiling, advertising and compliance.

Terms & Concepts
  • financial privacy: Control over who can access spending and payment data.