by Summary:
The European Central Bank (ECB) recently published a report that explores the idea of introducing a digital euro for use by the general public. This project is known as a central bank digital currency, or CBDC, and many other countries are exploring the same idea. John Kiff has a useful database here showing how far these projects have progressed. Will the ECB's new euros-for-all be relatively open and anonymous like cash? Or will they require ID and permission like a bank account? In short, the report says that anonymity may have to be "ruled out." It says that regulations do not allow anonymity in electronic payments, and the ECB must comply with regulations.... MoneynessThe ECB's digital euro: anonymous or not?JP Koning
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The European Central Bank (ECB) recently published a report that explores the idea of introducing a digital euro for use by the general public. This project is known as a central bank digital currency, or CBDC, and many other countries are exploring the same idea. John Kiff has a useful database here showing how far these projects have progressed. Will the ECB's new euros-for-all be relatively open and anonymous like cash? Or will they require ID and permission like a bank account? In short, the report says that anonymity may have to be "ruled out." It says that regulations do not allow anonymity in electronic payments, and the ECB must comply with regulations.... MoneynessThe ECB's digital euro: anonymous or not?JP Koning
Topics:
Mike Norman considers the following as important:
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The European Central Bank (ECB) recently published a report that explores the idea of introducing a digital euro for use by the general public. This project is known as a central bank digital currency, or CBDC, and many other countries are exploring the same idea. John Kiff has a useful database here showing how far these projects have progressed.
Will the ECB's new euros-for-all be relatively open and anonymous like cash? Or will they require ID and permission like a bank account?
In short, the report says that anonymity may have to be "ruled out." It says that regulations do not allow anonymity in electronic payments, and the ECB must comply with regulations....