ECB Releases First CBDC Progress Report
The ECB’s June 24 update on CBDC development emphasizes privacy with pseudonymization, hashing, and encryption to prevent transaction tracking. In a June 24 update, the European Central Bank (ECB) disclosed its initial progress report on the development of a central bank digital currency (CBDC). The ECB prioritized privacy provisions, pledging to implement pseudonymization, hashing functions, […]