{"id":441743,"date":"2022-05-04T14:20:29","date_gmt":"2022-05-04T11:20:29","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/proposed-digital-euro-designs-lack-privacy-options-ecb-presentation-shows\/"},"modified":"2022-05-04T14:20:29","modified_gmt":"2022-05-04T11:20:29","slug":"proposed-digital-euro-designs-lack-privacy-options-ecb-presentation-shows","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/proposed-digital-euro-designs-lack-privacy-options-ecb-presentation-shows\/","title":{"rendered":"# Proposed digital euro designs lack privacy options, ECB presentation shows"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a240a7f276b8\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a240a7f276b8\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/proposed-digital-euro-designs-lack-privacy-options-ecb-presentation-shows\/#%E2%80%9D_Proposed_digital_euro_designs_lack_privacy_options_ECB_presentation_shows_%E2%80%9C\" >&#8221; Proposed digital euro designs lack privacy options, ECB presentation shows  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Proposed_digital_euro_designs_lack_privacy_options_ECB_presentation_shows_%E2%80%9C\"><\/span>&#8221; Proposed digital euro designs lack privacy options, ECB presentation shows  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvNDM2NWIwODUtNDZhMy00MGIxLTllYzUtOTRkNDM2ODI3MjM2LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Next to the fears of government overreach that the European Union\u2019s ambitious digital euro project stirred, the main concern of the public is the prospective currency\u2019s privacy framework. It <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ears that this worry might not be overblown after all: as the European Central Bank&#8217;s (ECB) latest presentation hints, user anonymity is not a desirable design option.<\/p>\n<p>On May 3, crypto venture advisor and European digital asset regulation whistleblower Patrick Hansen <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/paddi_hansen\/status\/1521439484239171584\">drew public attention<\/a> to the ECB\u2019s presentation titled \u201cDigital Euro Privacy options\u201d. The document is <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.ecb.europa.eu\/paym\/digital_euro\/investigation\/profuse\/shared\/files\/dedocs\/ecb.dedocs220404.en.pdf?39c27f3bda85972b8070c318bb4e3578\">relatively short<\/a> and contains 9 slides that lay out the possible options for user privacy in the EU\u2019s Central Bank Digital Currency (CBDC), also known as the digital euro. <\/p>\n<p>Acknowledging the public concern for the CBDC\u2019s privacy, the presentation stresses the need to assess the issue \u201cin the context of other EU policy objectives, notably anti-money laundering and countering the financing of terrorism (AML\/CFT).\u201d<\/p>\n<p>What this bureaucratic verbiage means in practice is that the baseline privacy scenario for the digital euro project is all transaction data being transparent to inter<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>ries such as banks. The option of providing a higher degree of privacy for low-value transactions is still on the table, though, and \u201ccould be investigated with co-legislators.\u201d<\/p>\n<p>However, the overall mood of the document can be expressed in a single quote from slide 4, which goes: \u201cUser anonymity is not a desirable feature.\u201d As Hansen concludes, at this point it isn\u2019t clear how exactly the digital euro would differ from the existing fiat-based infrastructure for digital payments. <\/p>\n<p>The public feedback section for the digital euro contains more than 13,000 replies by the press time, mostly critical to the CBDC project. Meanwhile, the ECB and Eurosystem have began\u00a0experimental prototyping of digital euro customer interface\u00a0at the end of April. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/proposed-digital-euro-designs-lack-privacy-options-ecb-presentation-shows\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Proposed digital euro designs lack privacy options, ECB presentation shows &#8220; Next to the fears of government overreach that the European Union\u2019s ambitious digital euro project stirred, the main concern of the public is the prospective currency\u2019s privacy framework. It appears that this worry might not be overblown after all: as the European Central&#8230;<\/p>\n","protected":false},"author":1,"featured_media":441744,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvNDM2NWIwODUtNDZhMy00MGIxLTllYzUtOTRkNDM2ODI3MjM2LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[15047,76943,74858,75046,75603,75604,28340,72705,55229,70934],"class_list":["post-441743","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-privacy","tag-anonymity","tag-bitcoin-regulation","tag-cbdc","tag-ecb","tag-euro","tag-europe","tag-european-union","tag-law","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/441743","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=441743"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/441743\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/441744"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=441743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=441743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=441743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}