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News Explorer — ECB Prototypes Digital Euro, EU Commission to Publish Bill on Privacy Safeguards

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May 30, 9:37 am

Coindesk

ECB Prototypes Digital Euro, EU Commission to Publish Bill on Privacy Safeguards

The European Central Bank (ECB) has finalized prototypes for a digital euro, which can be designed to boost innovation. The ECB has rejected distributed ledger technology for the back-end of the prototype, instead favoring a centralized model based on unspent transaction outputs. In June, the European Commission is due to publish a bill covering digital euro privacy safeguards and other major issues.

The European Central Bank (ECB) has finalized prototypes for a digital euro, which can be designed to boost innovation. The ECB has rejected distributed ledger technology for the back-end of the prototype, instead favoring a centralized model based on unspent transaction outputs. In June, the European Commission is due to publish a bill covering digital euro privacy safeguards and other major issues.

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