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ECB advances digital euro privacy and tokenised finance plans
European Central Bank (ECB) Executive Board member Piero Cipollone has addressed concerns regarding the digital euro, asserting that the proposed currency will offer the maximum level of privacy possible with current technology. Cipollone explained that offline payments would function similarly to cash, with transaction details visible only to the payer and the payee. For online transactions, while the Eurosystem itself would be unable to identify individual users, commercial banks would retain the ability to identify parties to comply with anti-money laundering regulations.
The digital euro is intended to complement physical cash rather than replace it. A 12-month pilot program is scheduled to begin in the second half of 2027, with the first issuance of the currency targeted for 2029. This follows the European Parliament's approval of its negotiating position on the digital euro regulation in July.
In a separate strategic push, the ECB is advancing plans to create an integrated European market for tokenised assets. Through the Pontes and Appia projects, the institution aims to prevent market fragmentation by establishing shared infrastructure. The Pontes project specifically seeks to connect distributed ledger technology (DLT) platforms with TARGET Services, allowing tokenised transactions to settle using central bank money. The goal is to establish a comprehensive blueprint for a tokenised finance ecosystem by 2028.
Entities
Deutsche Bank · Deutsche Bundesbank · European Central Bank · European Parliament · Eurosystem · Piero Cipollone · Revolut
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 6 SOURCES] A pilot program for the digital euro is scheduled to begin in the second half of 2027. bitnewsbot.com · www.nadanews.com · livecoins.com.br · paratic.com · www.cryptopolitan.com · +1 more
- [● 2 SOURCES] The Pontes project aims to enable tokenised transactions to settle in central bank money. www.worldfinanceinforms.com · cryptoast.fr
- [● 5 SOURCES] The first issuance of the digital euro is targeted for 2029. bitnewsbot.com · www.nadanews.com · livecoins.com.br · paratic.com · decrypt.co
- [● 5 SOURCES] The digital euro is intended to complement, not replace, physical cash. www.nadanews.com · journalducoin.com · livecoins.com.br · paratic.com · freerepublic.com
- [● 9 SOURCES] The digital euro will provide the highest level of privacy available through current technology. bitnewsbot.com · www.nadanews.com · www.criptotendencias.com · www.crypto-insiders.nl · crypto.news · +4 more
- [● 5 SOURCES] The ECB is developing the Pontes and Appia projects to create an integrated European market for tokenised assets. www.worldfinanceinforms.com · cincodias.elpais.com · crypto.news · cryptoast.fr · cyprus-mail.com
- [● 11 SOURCES] The Eurosystem will be unable to identify individuals involved in online transactions, though commercial banks will maintain this capability for anti-money laundering purposes. bitnewsbot.com · www.nadanews.com · www.criptotendencias.com · www.crypto-insiders.nl · crypto.news · +6 more
- [● 11 SOURCES] Offline digital euro payments will be visible only to the payer and the payee. bitnewsbot.com · www.nadanews.com · www.criptotendencias.com · www.crypto-insiders.nl · crypto.news · +6 more