2023-11-17 20:16:27
© Reuters ECB member says digital euro will not replace physical cash, but rather complement it
European Central Bank (ECB) board member Piero Cipollone stated this Friday, 17th, that the intention of the digital euro is not to replace physical money, but rather to complement it. In a speech at an event on the topic, the leader pointed out that privacy is a fundamental concern for Europeans, and that the ECB will ensure that people in the area can pay digitally with the highest possible level of privacy in accordance with European regulations, and that the regulations will contribute to combating money laundering and terrorist financing.
“We need to communicate the advantages, consumers will be essential in the digital euro process,” said Cipollone.
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