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The ECB claims its digital euro, launching in 2029, will offer more privacy than regular transfers. It promises cash-like privacy between wallets, with the central bank not tracking individual citizens, while commercial banks handle mandatory ID and anti-money laundering checks. Critics remain skeptical, noting the ECB’s close ties with commercial banks that access transaction data, and that unlike cash, CBDCs run on digital infrastructure governments can modify. This appears to be an attempt to reassure the public about the digital euro’s security and privacy. Do you trust the ECB with your money?
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