ECB claims digital euro will offer 'maximum level of privacy' amid surveillance fears
Piero Cipollone said the digital euro would give greater privacy than bank transfers, while the ECB says cash will remain in circulation.
10 Articles
10 Articles
ECB's Digital Euro Could Limit Transaction Data Access
Frankfurt, 27 August 2026, 12:30 BST — EBM Newsdesk Analysis — By Katie Winearls The European Central Bank is attempting to answer one of the biggest questions surrounding the digital euro: who, exactly, will be able to see how Europeans spend their money? A senior ECB official has insisted that the proposed digital euro will offer stronger privacy protections than many critics fear, with the Eurosystem unable to directly link individuals to the…
Key Points of the News: The ECB promises privacy restricted only to offline mode, leaving online transactions under strict surveillance of commercial banking. Unlike decentralised networks such as Bitcoin, the digital euro will operate as a state tool for centralized control and financial supervision. The imposition of tenure caps and forced deadlines for businesses demonstrates the intention to shield the traditional banking monopoly from user …
ECB says offline digital euro payments stay private, banks see the rest
The digital euro will make offline payments invisible to everyone except the two parties involved in the payment. Commercial banks that handle online transactions are still able to see them, said Piero Cipollone, a member of the ECB’s Executive Board, in an interview published this week. Banks keep the identities the Eurosystem cannot see Cipollone was asked whether the ECB would be able to track what each citizen would do with the currency. He …
CoinStats - Only offline digital euro payments stay betwe...
The digital euro will make offline payments invisible to everyone except the two parties involved in the payment. Commercial banks that handle online transactions are still able to see them, said Piero Cipollone, a member of the ECB’s Executive Board, in an interview published this week. Banks keep the identities the Eurosystem cannot see Cipollone was asked whether the ECB would be able to track what each citizen would do with the currency. He …
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