On June 25, the ECB published an update on its two-year preparation phase for the digital Euro CBDC that ends in October 2025.
The central bank said that privacy and data protection are its top priorities, but there are a number of disturbing features to the currency that would result in the total opposite.
On June 26, crypto entrepreneur and investor Daniel Batten highlighted a few of them.
Central Bank Surveillance
A CBDC is essentially programmable money on a blockchain governed by smart contracts. This gives…
