{"id":86025,"date":"2023-10-20T17:44:15","date_gmt":"2023-10-20T14:44:15","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=86025"},"modified":"2025-09-13T02:55:12","modified_gmt":"2025-09-12T23:55:12","slug":"eu-regulators-propose-stronger-privacy-protections-for-the-digital-euro","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/eu-regulators-propose-stronger-privacy-protections-for-the-digital-euro\/","title":{"rendered":"EU regulators propose stronger privacy protections for the digital euro"},"content":{"rendered":"<p><span data-descr=\"\u0415\u0432\u0440\u043e\u043f\u0435\u0439\u0441\u043a\u0438\u0439 \u0441\u043e\u0432\u0435\u0442 \u043f\u043e \u0437\u0430\u0449\u0438\u0442\u0435 \u0434\u0430\u043d\u043d\u044b\u0445\" class=\"old_tooltip\">EDPB<\/span> \u0438 <span data-descr=\"\u0415\u0432\u0440\u043e\u043f\u0435\u0439\u0441\u043a\u0430\u044f \u0438\u043d\u0441\u043f\u0435\u043a\u0446\u0438\u044f \u043f\u043e \u0437\u0430\u0449\u0438\u0442\u0435 \u0434\u0430\u043d\u043d\u044b\u0445\" class=\"old_tooltip\">EDPS<\/span> <a href=\"https:\/\/edpb.europa.eu\/news\/news\/2023\/digital-euro-ensuring-highest-data-protection-and-privacy-standards_en\">published<\/a> joint recommendations for the digital euro, ensuring the &#8220;highest standards of data protection and privacy&#8221;.<\/p>\n<p>In June, the European Commission <a href=\"https:\/\/forklog.com\/en\/news\/european-commission-proposes-legal-framework-for-a-digital-euro\">proposed<\/a> a legislative proposal that would establish a legal basis for a possible issuance <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-central-bank-digital-currency-cbdc\">CBDC<\/a>. According to the document, the new form of money would operate as a digital wallet. Users would be able to conduct offline transactions.<\/p>\n<p>EDPB and EDPS backed the bill, noting a high level of data protection, but added several improvements.<\/p>\n<p>The regulators proposed ensuring processing of only necessary personal data and avoiding its &#8220;excessive centralisation&#8221; by the ECB or national central banks.<\/p>\n<p>The provisions on the digital euro impose limits on ownership of a certain amount of the asset. Compliance checks will be carried out by processing users&#8217; identifiers and its limits, the authorities explained.<\/p>\n<p>As part of meeting the ECB&#8217;s requirements, the ECB could create a single data access point for each holder. The two bodies recommend conducting an assessment to determine the &#8220;necessity and proportionality&#8221; of such a method. They stressed that the decentralised storage of identifiers is theoretically feasible.<\/p>\n<p>The regulators also urged the creation of a &#8220;privacy threshold&#8221; for online and offline transactions, below which they would not be tracked.<\/p>\n<p>Earlier, ECB President Christine Lagarde <a href=\"https:\/\/forklog.com\/en\/news\/ecb-to-decide-on-digital-euro-launch-by-autumn\">stated<\/a> that the final decision on launching the digital euro would be taken in the autumn.<\/p>\n<p>As noted, the European regulator <a href=\"https:\/\/forklog.com\/en\/news\/ecb-clears-the-way-for-the-research-phase-of-the-digital-euro\">began studying<\/a> CBDC in 2021, though the initiative originated in November 2019.<\/p>\n<p>Subsequently, the ECB <a href=\"https:\/\/forklog.com\/en\/news\/ecb-steps-up-work-on-digital-euro\">published a comprehensive report<\/a> on the topic. In 2021, Lagarde <a href=\"https:\/\/forklog.com\/en\/news\/ecb-outlines-timeline-for-digital-euro-launch\">forecasted<\/a> the appearance of the digital euro within four years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EDPB and EDPS published joint recommendations for the digital euro, ensuring the &#8216;highest standards of data protection and privacy&#8217;.<\/p>\n","protected":false},"author":1,"featured_media":86026,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1095,1753,733,36],"class_list":["post-86025","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cbdc","tag-digital-euro","tag-europe","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86025","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=86025"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86025\/revisions"}],"predecessor-version":[{"id":86027,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86025\/revisions\/86027"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/86026"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=86025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=86025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=86025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}