In general I’m all for the digital euro and have been waiting for it for years. One complained i have about the proposed implementation as explained in the video is the limitation of funds and almost coerced linking to a bank account. That feels like heavy lobbying from banks not too loose their business
This and one of the stated intentions is increased control over how people use their funds. For example, digitally blocking transactions for products and services the government deems immoral or illegal. Or preventing any transactions without both parties being formally identified and all of their transactions recorded.
The only good outcome of this is potentially slightly lower fees for merchants.
In general I’m all for the digital euro and have been waiting for it for years. One complained i have about the proposed implementation as explained in the video is the limitation of funds and almost coerced linking to a bank account. That feels like heavy lobbying from banks not too loose their business
This and one of the stated intentions is increased control over how people use their funds. For example, digitally blocking transactions for products and services the government deems immoral or illegal. Or preventing any transactions without both parties being formally identified and all of their transactions recorded.
The only good outcome of this is potentially slightly lower fees for merchants.