European Union Backs Digital Euro with Privacy Focus
Update: 2025-12-22
Description
The European Unions Council endorses the European Central Banks plan for a digital euro, featuring both an online and offline version. The offline version prioritizes privacy, using secure chips for face-to-face transactions. However, experts warn of potential relay attacks, raising questions about true cash-like security in the digital realm. As lawmakers debate, Europe moves closer to a secure digital currency that balances convenience and privacy.
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