European Central Bank board member says a digital euro will protect consumer privacy and protect the eurozone from the “threat” of competing cryptocurrencies
Fabio Panetta admits some oversight by regulators is necessary to avoid misuse — The introduction of a digital euro …
The acknowledgement of privacy concerns around the creation of a digital Euro is great. It would be even better if the ECB was more transparent about the potential for “programmability” to become the tool by which it imposes -ve rates directly on consumers https://www.ft.com/...
A digital euro will protect privacy and ward off “unstable coins” @ECB executive tells the @FT. “If the central bank gets involved in digital payments, privacy is going to be better protected , because we are not like private companies,” says Fabio Panetta https://www.ft.com/...
ECB's new oversight framework for crypto asset providers to be ready end of 2021, says Fabio Panetta, warning they are “very dangerous animals” that are “largely used for criminal activities” and consume “a huge amount of energy”. Full @FT interview here: https://www.ft.com/...