Digital euro developments focus on privacy and holding limits
The European Central Bank has released news about the digital euro. Its planning is now focused on holding limits and privacy
The digital euro could see the light of day in October 2025. In the meantime, authorities are focused on two key issues: privacy and holding limits.
A second report published by the European Central Bank (ECB) details the progress of the “preparatory stage of the issuance of the digital euro.”
Of course, the regulatory body also continues to analyze aspects such as the harmonization of laws. “Following a review of the regulation in development for the digital euro, the Regulation Development Group launched seven lines of work with market participants and central banks that will continue its development.”
This regulation focuses on “harmonising national laws to ensure universal standards”. In parallel, research continues on “a user profile of the digital euro to identify the needs of potential users. This information will include user preferences on holding limits, which will be considered in technical research carried out with national central banks”.
The report highlights the importance of maintaining the euro as the European currency. In addition, the possibility of “payment service providers (PSP)” using the digital euro infrastructure to create new payment services.
M.Pino
Source: cointelegraph
(Reference image source: Frankfurt Photographer on Unsplash)
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