#📉The EU recommends strengthening data protection for the digital euro:

The European Commission has proposed regulation of the "digital euro" in July 2023

The European Data Protection Working Party (EDPB) and the European Data Protection Supervisory Authority (EDPS) have expressed a number of recommendations

Recommendations concern strengthening of personal data protection standards for ECB digital currency

Questions about the proposed verification procedure, fraud detection and prevention mechanism, threshold privacy for online transactions

The ECB announced a “preparatory phase” for the digital euro project, which will last two years.

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