The European Central Bank (ECB) has committed to introducing upgraded privacy measures for the digital euro to ensure robust data protection and privacy standards.
The proposed regulations aim to establish a single access point to verify users’ digital euro holdings, known as holding limits.
The ECB, in collaboration with the European Data Protection Board (EDPB) and the European Data Protection Supervisory Authority (EDPS), has developed recommendations for maintaining strict personal data protection.
The recommendations include processing only necessary personal data, avoiding excessive concentration of such data, and introducing so-called privacy thresholds for online transactions to curb tracking for anti-money laundering purposes.