The European Central Bank's (ECB) partnership with COTI for the digital euro pilot is a key move toward embedding privacy into central bank digital currencies (CBDCs). COTI, known for its Garbled Circuits encryption technology, will work alongside major firms like KPMG and Accenture to ensure secure, private digital transactions in the eurozone. This effort highlights the ECB's intent to balance innovation with privacy safeguards in the evolving CBDC landscape. A final evaluation of the pilot will be released later this year, with full technical validation expected by 2026.
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