EU regulators support a reasonable control of the digital euro
European information protection authorities have issued recommendations for regulating the central bank digital currency (CBDC), the digital euro.
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European information protection authorities have issued recommendations for regulating the central bank digital currency (CBDC), the digital euro.
Here are the key points:
- Create a decentralized access point for data verification instead of opting for a centralized approach.
- Review fraud detection and prevention procedures, making them less stringent.
- Anonymize transactions involving small amounts by setting daily and monthly limits.
According to regulators, the digital euro requires a balanced approach that strikes a harmonious chord between supervision, control, and user confidentiality.
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