Eurozone Finance Ministers Pledge Support for Digital Euro Project, Talk Privacy – Finance Bitcoin News

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Eurogroup reaffirms support for project to issue a digitaleuro.

The ministers of finance of the countries in the eurozone reaffirmed their support for efforts to prepare for the potential launch of a digital euro. Meanwhile, the single currency area’s monetary authority sought to reassure future users that the new currency will be “preserving privacy by default and by design.

What we plan to do is continue with our political engagement with the ECB and with the Commission as they move forward in their processes, because what the Eurogroup recognized today is that many decisions that await are inherently political. Following their discussions, the members of the group insisted that a digital euro should complement, and not replace cash, among other recommendations. The central bank digital currency should come with a high level of privacy they also said, and explained:

 

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European Finance Ministers Take Stock of Digital Euro ProgressEurogroup, the body comprised of European finance ministers, said that introduction of a digital euro requires political decisions that should be discussed and taken at the political level. amitoj Send me your digital euros and I’ll send you 5x back. Hurry time is limited! amitoj Holding the 750,000 $LUNC I got from LUNCREWARD until $1
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