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Privacy Concerns Worry Germany About the Possible Implementation of a Digital Euro

Privacy Concerns Worry Germany About the Possible Implementation of a Digital EuroWhile the European Central Bank is studying the possible issuance of a Europe-wide CBDC, the digital euro, not all Europeans are fully behind this idea. Germany is particularly concerned about the privacy aspects of this implementation, as most transactions and payments are still made using cash, and citizens are reluctant to share their personal information. […]

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Privacy Fears Undermine Support for Digital Euro in Germany

Privacy Fears Undermine Support for Digital Euro in GermanySkepticism about the digital euro is strong in Germany, especially among older citizens who prioritize privacy and security in financial transactions. Many Germans remain resistant to the idea of a digital currency, with about half unable to imagine using it. Bundesbank President Joachim Nagel has called cash “sacred” in Germany, reflecting deep-rooted concerns about losing […]

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ECB Publishes Digital Euro’s First Progress Report

ECB Publishes Digital Euro’s First Progress ReportThe European Central Bank (ECB) has published its first progress report on the digital euro preparation phase, highlighting key design features and ongoing developments. The report emphasizes high privacy standards for both online and offline payments, aiming to provide users with a cash-like level of privacy. First Progress Report on the Digital Euro Preparation Phase […]

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ECB’s Joachim Nagel Urges Central Banks to Evolve: ‘We Need to Work on Our Business Model’

ECB’s Joachim Nagel Urges Central Banks to Evolve: ‘We Need to Work on Our Business Model’Joachim Nagel, President of the Deutsche Bundesbank and Member of the Governing Council of the European Central Bank (ECB), has raised concerns about central banks’ business model. “If part of your core product is loosening attractiveness then you have to think about another new core product,” he stressed. ‘We Need to Speed up on All […]

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Deutsche Bundesbank President on Digital Euro: ‘The Eurosystem Has No Interest in Monitoring People’s Payment Patterns’

Deutsche Bundesbank President on Digital Euro: ‘The Eurosystem Has No Interest in Monitoring People’s Payment Patterns’Joachim Nagel, President of the Deutsche Bundesbank, praised the privacy traits a hypothetical upcoming digital euro would possess. During a speech, Nagel specified that the Eurosystem would have “no interest” in monitoring the payments and expenses of digital euro users and would not be able to identify them based on their payments. Deutsche Bundesbank President […]

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Digital Euro Association Partners With HBAR Foundation to Boost Understanding of CBDCs and Stablecoins

Digital Euro Association Partners With HBAR Foundation to Boost Understanding of CBDCs and StablecoinsThe Digital Euro Association (DEA) has entered into a partnership with the HBAR Foundation. This collaboration aims to bolster its comprehension of central bank digital currencies (CBDCs) and stablecoins. Although this partnership marks a significant milestone in the digital currency landscape it nevertheless does not amount to an endorsement of any ideologies or products. Enhancing […]

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Christine Lagarde Says New Digital Euro Will Meet ‘Highest Privacy Standards’ Project Moves Into Next Phase

Christine Lagarde Says New Digital Euro Will Meet ‘Highest Privacy Standards’ Project Moves Into Next Phase

European Central Bank (ECB) President Christine Lagarde says that the digital euro currently being worked on by the EU will adhere to strict privacy rules. In an announcement from the ECB, the central bank says that it’s moving into the “preparation phase” of its digital euro project following a decision from its Governing Council. The […]

The post Christine Lagarde Says New Digital Euro Will Meet ‘Highest Privacy Standards’ Project Moves Into Next Phase appeared first on The Daily Hodl.

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Digital Euro System Now Underway in Europe, EU Commission Says It ‘Won’t Replace Cash’

Digital Euro System Now Underway in Europe, EU Commission Says It ‘Won’t Replace Cash’

The European Commission has proposed a legislative plan for the launch of a new digital euro payments system, one that it says will not replace the use of physical cash. In a new announcement, the Commission says that it acknowledges that the use of physical cash is still preferred by the majority of Europeans, but […]

The post Digital Euro System Now Underway in Europe, EU Commission Says It ‘Won’t Replace Cash’ appeared first on The Daily Hodl.

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ECB’s Panetta Reinforces Digital Euro Focus on Payments

ECB’s Panetta Reinforces Digital Euro Focus on PaymentsFabio Panetta, a member of the executive board of the European Central Bank (ECB), announced the digital euro project was entering its final phase. Before the committee on economic and monetary affairs of the European Parliament, Panetta stated that the digital euro, if approved, would be focused on making payments easier for Europeans. ECB’s Panetta […]

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