The European Central Bank intends to involve the financial industry in vital design work on its plans for a digital euro and in delivering the currency to the public, Gabriel Makhlouf, the governor of the Central Bank of Ireland, says. but, speaking to The Irish Times, Mr Makhlouf said no decision had been made on this yet. It was now not a question of if the ECB would launch the digital euro but when it would do so, Mr Makhlouf said. On the controversial area of privacy, which has led to some opposition to central bank digital currencies, Mr Makhlouf said the ECB was focused on meeting concerns here and “was not interested in people’s transactions history”. Mr Makhlouf said the governing council was also clear that the digital euro could complement cash, not replace it.

Source: The Irish Times October 23, 2023 05:26 UTC