Experts fear the planned digital euro currency will leave consumers and businesses wide open to being scammed by cybercriminals. Compliance officers are responsible for ensuring all corporate processes and procedures in companies comply with the law. The ECB started preparatory work on the digital currency last November, with the earliest possible launch date recently mooted as 2026. Public Expenditure Minister Paschal Donohoe said recently that agreement on the rollout of a digital euro was still some years away. However, he said it would be critical to ensuring the euro currency remains relevant in the years ahead.

Source: Irish Independent March 12, 2024 06:16 UTC