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ECB: “The digital euro should be transparent, not anonymous

ECB: “The digital euro should be transparent, not anonymous

According to a presentation published by the European Central Bank (ECB), it is important for future users of the digital euro to have control over their personal data and to be confident that their privacy will be maintained. However, the regulator notes that switching to digital payments by default means reducing data privacy. The priority for the ECB is to ensure transparency of digital euro transactions, as the anonymity of users will not allow control over the funds in circulation. As a result, the regulator’s efforts to combat money laundering (AML) and terrorist financing will be fruitless.

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