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.
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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