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The European Central Bank is renewing its push for a digital euro, framing it as a crisis-proof payment solution. However, EU lawmakers are raising alarms over privacy risks and potential harm to commercial banks.
- ECB positions digital euro as a resilient payment backup during crises, ensuring continuous access for all Europeans.
- Lawmakers voice strong doubts over privacy safeguards and potential erosion of user data protection.
- Concerns include the risk of commercial bank destabilization if central bank accounts attract too many deposits.
📎 Related coverage from: cointelegraph.com