According to Odaily Planet Daily, Joachim Nagel, president of the Deutsche Bundesbank, mentioned the privacy advantages of the upcoming EU central bank digital currency (CBDC) - the digital euro in his speech at the DZ Bank Capital Markets Conference 2024. Nagel said that compared with today's payment ecosystem, the digital euro will provide consumers with "high privacy", which will be appreciated by many ecological participants.
He also stressed that the issuance and implementation of a digital euro would make it difficult for the Eurosystem to track payments: "Compared to many commercial payment providers, the Eurosystem has no interest in monitoring people's payment patterns." Earlier, Joachim Nagel said in a speech this week that the European Central Bank digital currency (CBDC) may be launched in 2028/2029.