ECB Board Member Promises Maximum Privacy for Digital Euro
Piero Cipollone, a board member of the European Central Bank, emphasized that the digital euro will ensure a 'maximum level of privacy' by preventing the Eurosystem from linking individuals to transactions. However, concerns remain as banks processing these transactions may still have that capability, leading to skepticism from civil society groups.
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Digital Euro Will Offer 'Maximum Level of Privacy,' ECB Board Member Says
Piero Cipollone said the Eurosystem would not be able to link individuals to transactions, though the banks handling them still could.
ECB claims digital euro will offer 'maximum level of privacy' amid surveillance fears
Central bank officials say the Eurosystem will be structurally unable to link users to purchases, but civil society groups remain skeptical.
