In the biggest hint yet that the ECB is open to the idea of welcoming a project like Libra—subject to regulatory compliance, of course—Lagarde said a digital euro “could provide an alternative to private digital currencies and ensure that sovereign money remains at the core of European payment systems.
Blockchain may break EU privacy law—and it could get messy
In Europe, citizens have the right to be forgotten by search engines, but this isn’t very compatible with blockchain’s uneditable nature
This doesn’t necessarily mean that damaging news articles about someone (or their embarrassing photos) would be deleted forever, but a person may be entitled to have Google search results and Wikipedia references that link to them expunged—the equivalent of removing a book from a library’s index system. Now, someone would only be able to see this content if they knew exactly where to look.
6 central banks team up to explore digital currencies
England’s apex bank is joining forces with the Bank of Canada, the Bank of Japan, the European Central Bank, and others to study use cases for central bank digital currencies
The Bank of England’s statement said the group will explore “CBDC use cases; economic, functional and technical design choices, including cross-border interoperability; and the sharing of knowledge on emerging technologies.”
Rationing Privacy: ECB suggests digital currency ‘anonymity vouchers’
An EU-issued central bank digital currency could provide an allowance of tokens good for keeping Big Brother from looking at your spending
Planning to score some cocaine before meeting your girlfriend at a hotel? Neither the cops nor your wife will be any the wiser if you use some of the “anonymity vouchers” Europe’s central bank just proposed building into an e-euro. It’s kind of like trying to sneak across a room unseen by screaming, “nobody look at me!”