ECB Draws Digital Euro Privacy Boundary Around Banks
The ECB says it would not be able to identify digital euro payers or recipients, while banks would retain the data needed for anti-money-laundering checks.
The ECB says it would not be able to identify digital euro payers or recipients, while banks would retain the data needed for anti-money-laundering checks.
An ECB survey found that only 0.2% of sampled euro area companies selling online accepted crypto assets, while mobile payment acceptance surged at physical locations.
Isabel Schnabel argued that central bank reserves should become native programmable assets as the Eurosystem prepares to launch Pontes in September.
Cash remains the most widely accepted payment method among surveyed euro-area companies, while mobile acceptance nearly doubled from 2024.
The ECB has detailed proposed accessibility features for its digital euro app, setting design expectations for providers ahead of a 2027 pilot.