๐ข ECB's digital Euro update: Privacy & data protection are top priorities but some features raise eyebrows ๐ฒ
๐นCrypto entrepreneur Daniel Batten points out potential issues: easier surveillance, deplatforming, account freezing, and limits on holdings.
๐นThe ECB aims to moderate the digital Euro's use as a store of value, preserving banks' role in credit provision.
๐นOffline functionality offers a cash-like privacy level, but critics argue that it still requires the central bank's database, compromising privacy.
๐นA decision on the Euro CBDC will be made post-EU legislative process & preparation phase conclusion.
๐ Globally, 3 countries have deployed a CBDC, with 36 pilots ongoing.
What do you think about these developments? Share your thoughts below! ๐ #ECB #DigitalEuro #CBDC #CryptoNews