well it does seem the Euroversion will entail using it as cash anyhow - including privacy - but not sure about anonymity. They’ll keep using cash too ofc
" By complementing cash, the digital euro would make central bank money available for payments, bringing the euro into the digital age. It would support financial inclusion, protect privacy, and make payments easier and more secure for all. This is why we are preparing technically for the possibility of issuing the digital euro once the relevant legislation has been adopted."
Iirc the idea was that it’s tracable on the seller side, but not the buyer side. So anonymous, but tracable for tax purposes. It’ll remain to be seen how much data about the buyer can be inferred anyway.
I don’t trust the EU when it comes to privacy protection, TBH. Maybe it’s going to offer better privacy than systems owned by US banks, but anywhere near equivalent to physical money? No way.
well it does seem the Euroversion will entail using it as cash anyhow - including privacy - but not sure about anonymity. They’ll keep using cash too ofc
" By complementing cash, the digital euro would make central bank money available for payments, bringing the euro into the digital age. It would support financial inclusion, protect privacy, and make payments easier and more secure for all. This is why we are preparing technically for the possibility of issuing the digital euro once the relevant legislation has been adopted."
official ECB link
Iirc the idea was that it’s tracable on the seller side, but not the buyer side. So anonymous, but tracable for tax purposes. It’ll remain to be seen how much data about the buyer can be inferred anyway.
I don’t trust the EU when it comes to privacy protection, TBH. Maybe it’s going to offer better privacy than systems owned by US banks, but anywhere near equivalent to physical money? No way.
I hope it works out for you guys, it seems great.