ECB reports on digital euro validation, privacy one year into investigative phase
2022.09.29 15:26
ECB reports on digital euro validation, privacy one year into investigative phase
The European Central Bank (ECB) Eurosystem digital euro project’s two-year investigative phase has reached its halfway point. The ECB published a progress report Sept. 29 that looked at design and policy issues that are under consideration or have been decided.
The report said commerce in physical stores and online is the biggest use case for a euro central bank digital currency (CBDC). Currently, most digital payment solutions are limited in reach and not of European origin. Thus, a digital euro could harmonize payment solutions and strengthen European strategic autonomy in line with policy goals. The report said:
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