Digital euro offers better privacy protections than private stablecoins: ECB official

21 Jun 2021

Digital euro offers better privacy protections than private stablecoins: ECB official

Digital euro offers better privacy protections than private stablecoins: ECB officialEuropean Central Bank (ECB) executive board member, Fabio Panetta, has argued that a digital euro offers superior privacy protections than privately issued stablecoins.Panetta criticized the profit motive of private firms, emphasizing it is in their commercial interests to harvest masses of data on their users.

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