In the first official progress update, the European Central Bank touched on features it is exploring for its proposed central bank digital currency.
The European Central Bank released its first progress report on developing a central bank digital currency in a June 24 update.
Additionally, under the ECB’s CBDC framework, payment service providers cannot use consumer financial data for commercial services without first obtaining explicit consent from the individual who generated that financial data. During the recent Oslo Freedom Forum, speakers and attendees examined several instances where state actors unduly seized the assets of individuals
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