Agostino Capponi

Agostino Capponi

Institution

Columbia University

PhD Year

2009

Email

ac3827@columbia.edu

FTG Membership

Member

Website

https://www.columbia.edu/~ac3827/

Featured Work

Jul 30, 2025

Agostino Capponi, Michael Lee, Brian Zhu

Privacy-Enhanced Payment Systems

Technological innovations enable digital privacy, but pose fundamental conflicts between freedom and control. We study the design of privacy-enhanced payment systems, valued for legitimate transactions but vulnerable to illicit financial activities. We distinguish two dimensions of privacy: identity privacy, the masking of beneficiary owners of accounts, and transaction privacy, confidentiality in activity. Identity-private systems are suboptimal, enabling illicit operations to scale by distributing activity across...