Post by bancroft on Apr 23, 2023 19:08:23 GMT
The European Commission wants to propose a legal framework for the CBDC by May. But the amount of work done behind closed doors has unnerved some members of the European Parliament.
“There is a lack of transparency and communication to the wider public and financial industry," said Czech liberal MEP Ondřej Kovařík, who helped write the EU’s crypto market rulebook. “Full trust on the side of both citizens and businesses is needed. Otherwise, there is a risk that the digital euro will be a failure.”
Hard sell
Central bankers are well aware of the uphill battle they face in bringing the public on board.
A survey of 2,500 adults in the U.K. for POLITICO by Redfield & Wilton Strategies in 2021 found only 24 percent believe a digital pound could bring more benefits than harm. The ECB has also found in its own research that payment privacy is a chief concern among eurozone citizens.
More here
www.politico.eu/article/euro-shakeup-european-central-bank-digital-currency/
“There is a lack of transparency and communication to the wider public and financial industry," said Czech liberal MEP Ondřej Kovařík, who helped write the EU’s crypto market rulebook. “Full trust on the side of both citizens and businesses is needed. Otherwise, there is a risk that the digital euro will be a failure.”
Hard sell
Central bankers are well aware of the uphill battle they face in bringing the public on board.
A survey of 2,500 adults in the U.K. for POLITICO by Redfield & Wilton Strategies in 2021 found only 24 percent believe a digital pound could bring more benefits than harm. The ECB has also found in its own research that payment privacy is a chief concern among eurozone citizens.
More here
www.politico.eu/article/euro-shakeup-european-central-bank-digital-currency/
