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

Privacy-Enhanced Payment Systems

Jul 30, 2025

Agostino Capponi, Michael Lee, Brian Zhu

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...