A European Central Bank official said the Eurosystem will not identify digital euro users, addressing one of the most closely watched issues around central bank digital currencies: privacy. Piero Cipollone, a member of the ECB’s Executive Board, said the digital euro is being designed so that users’ payment data would not be visible to the European Central Bank itself. He also said transactions would be processed through regulated payment service providers. The remarks come as privacy concerns remain a central point of debate in global CBDC discussions. Cointelegraph was cited in the source summary.
Piero Cipollone, a member of the European Central Bank’s Executive Board, said the Eurosystem will not identify users of the digital euro as central bank digital currencies continue to face privacy concerns globally.
He said the digital euro is being designed so that users’ payment data would not be visible to the ECB, while transaction processing would be handled by regulated payment service providers.
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