The European Central Bank said that its public consultation on a proposed digital euro generated more than 8,000 responses. 

The online consultation began on October 12 and concluded on Tuesday, according to a statement published today. Full analyses of the findings will be published in spring, prior to when the ECB Governing Council will decide whether to launch a digital euro. 

Initial analysis of the data of raw data finds that 41% of respondents felt view privacy as the most important feature of a prospective digital euro. Security and accessibility in Europe were also top-of-mind among participants, per the ECB.

Senior officials in the EU have said that a digital euro, if approved and launched, would serve in a complementary capacity alongside physical cash. And digital euro wouldn’t happen overnight — estimates indicate that any roll-out would likely take at least two years.

Read Also:   Ex-Microsoft Dev Jailed for $10 Million Scheme Involving Bitcoin

Fabio Panetta, an ECB executive board member and chair of the central bank’s digital euro task force, said: “The high number of responses to our survey shows the great interest of Europe’s citizens and firms in shaping the vision of a digital euro.”

“The opinions of citizens, businesses and all stakeholders are of utmost importance for us as we assess which use cases a digital euro might best serve,” Panetta was quoted as saying.

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.


Download MAXBIT Android App, Your best source of all crypto news!
Google Play

Source link


ECB: Digital euro survey participants cite privacy, security as key elements

by Evan A. Warren
Choose A Format
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format