Digital Euro to Provide Users with Better Privacy – ECB Exec
Piero Cipollone, a member of the European Central Bank (ECB) executive board, believes the digital euro will have better privacy than private systems. He discussed four challenges confronting the central bank and how the ECB would ensure the general public could utilize a free standard payment method. The European Central Bank has begun searching for […]
Central Bank of Spain Adopts Digital Euro CBDC
The Central Bank of Spain joins other European banking institutions in preparing their clients for the advantages of the “digital euro,” saying the CBDC will make electronic payments a vital piece of the financial system. The Bank of Spain published a brief text explaining the nature and applications of the potential central bank digital currency […]
EU Data Protectors Recommend Regulations for Digital Euro
The European Data Protection Board (EDPB) and the European Data Protection Supervisor (EDPS) issued a joint opinion statement on the regulation of the “digital euro,” which was proposed by the European Commission in July 2023. The regulators made several recommendations to enhance the personal data protection standards for the European Central Bank’s digital currency (CBDC). […]
ECB’s Presentation Shows Lack Of Privacy Options In Proposed Digital Euro Designs
Transactions through the EU’s proposed digital Euro could be transparent to intermediaries, just like any other non-crypto digital transaction. The public’s main concern, aside from concerns about government overreach raised by the European Union’s ambitious digital euro project, is the privacy framework of the prospective currency. This concern appears to be overblown after all: as […]