European Central Bank officials say the digital euro will be built so that the Eurosystem is structurally unable to connect users with their purchases, a design they describe as offering the maximum level of privacy. The statement comes as concerns continue to circulate over whether a central bank digital currency could expand financial surveillance. Even so, civil society groups are not fully convinced by the ECB’s assurances. Their skepticism shows that the privacy debate around the digital euro is far from settled, even as central bank officials try to frame the project as more protective of user data than many critics fear.
European Central Bank officials say the digital euro will offer the maximum level of privacy, arguing that the Eurosystem will be structurally unable to link users to their purchases.
The comments come as surveillance concerns continue to surround the proposed digital euro. Civil society groups, however, remain skeptical of the ECB’s privacy claims.
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