European Central Bank (ECB) Says Digital Euro Will Offer “Highest Level of Privacy” in Response to Surveillance Concerns
Piero Cipollone, a member of the European Central Bank (ECB) Executive Board, stated that the Eurosystem is structurally unable to link users to digital euro transactions, whether online or offline. He noted that offline payments would occur directly between individuals, with details known only to the sender and receiver, equivalent to cash transactions; in online transactions, banks would only identify users for anti-money laundering purposes. This move aims to address public concerns that the digital euro could lead to government surveillance of financial flows, but civil society groups remain skeptical, believing that its privacy safeguards rely too heavily on institutional commitments rather than technological enforcement.
Source:CoinDesk · Source Link
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