Digital euro’s ‘cash-like privacy’ hinges on offline functionality
Update report notes disagreement between banks and consumer representatives on key design aspects
The Eurosystem’s central bank digital currency (CBDC) could lose its offline functionality, limiting its cash-like status, if mobile device manufacturers do not let the European Central Bank access the secure chips in mobile phones.
The ECB has consistently emphasised its focus on keeping privacy at the forefront of its digital euro design considerations, but specific design details are scarce.
Guaranteeing the privacy of digital euro users is an essential part of the projectECB
One concrete
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