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ECB promises enhanced privacy for digital euro

The European Central Bank is laying the groundwork for the much-anticipated digital euro, promising an era of enhanced privacy and a seamless payment system across the continent. The ECB, under the scrutiny of the European Parliament, has outlined its commitment to ensuring that the digital euro serves as a beacon of financial innovation, while also safeguarding user privacy and maintaining financial stability. Piero Cipollone, a key figure at the ECB, recently illuminated the path towards the digital euro before the European Parliament’s Committee on Economic and Monetary Affairs. The essence of the digital euro, as envisioned by Cipollone, mirrors that of cold, hard cash.

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