Ulrich Bindseil on the launch of the digital euro

Ulrich Bindseil
Photo: ECB/Andreas Varnhorn

The European Central Bank (ECB) received more than 8,000 responses to its consultation on launching a digital euro – something president Christine Lagarde has said could happen within five years – with privacy attracting the most attention, alongside security and reach. A central bank digital currency (CBDC), by definition, is traceable. What considerations are being given to privacy protocols?

Many people are used to cash – a means of payment that has always offered the highest level of

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