The European Central Bank has published a report presenting the privacy options it is considering in the development of a digital euro under the Eurosystems CBDC program.
The comment period has been open for just two weeks, but the comments have been piling up, with Germans dominating and most opposing the digital euro.
The commission wants to hear from finance specialists on their needs and expectations for a digital euro, its role in the economy, privacy protection, and more.
The European Commission also said that the bill proposed in early 2023 would serve as the legal foundation for the euro central bank digital currency (CBDC).
The Governing Council of the ECB has published a new oversight framework that will cover digital currencies and promised even more regulations for the sector.
Appointed members of the Digital Euro Market Advisory Group will advise on matters relating to the development of a digital euro and work on behalf of the Eurosystem.
Nexi is one of the biggest payments companies in Europe, the company offers payments services for other banks while also providing services for merchants and digital banking groups.
Jürgen Schaaf said the test phase is still in trial for the technology and banks would experiment with digital currency to determine whether to roll out its central bank digital currency more widely.
The ECB is one of the most powerful central banks globally, setting monetary policy for the Euro area. With this latest announcement, we now have official confirmation that one of the biggest of them all is doing a lot more than just looking at them.
One of the world’s most powerful central bankers, the European Central Bank's Christine Lagarde, confirmed that she was aware of 80 central banks currently looking at digital currencies.
Among the responses, the bank said it had received a number of helpful technical contributions on how best to realize the digital euro.