EU Council Endorses ECB Digital Euro Launch with Privacy-Focused Offline Option
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The European Union Council has endorsed the European Central Bank’s digital euro project, approving both an online version for everyday digital transactions and an offline variant designed for enhanced privacy during in-person payments, marking a key step toward a unified European digital currency. EU Council Approval: The Council aligned with the ECB’s proposal for simultaneous launch of online and offline digital euro components to ensure comprehensive coverage of payment needs. The offline version prioritizes privacy by keeping transaction data solely between direct participants, mimicking cash-like anonymity in digital form. Security challenges include potential relay attacks on near-field communication (NFC) technology, though countermeasures remain limited according to the European Data Protection Board. Discover how the EU Council’s endorsement of the ECB’s digital euro advances Europe’s digital payment landscape with secure online and offline options. Explore privacy features and implications for users today. What is the Digital Euro and How Does the EU Council Endorsement Impact Its Launch? The digital euro is a proposed central bank digital currency (CBDC) issued by the European Central Bank (ECB) to complement physical euros, offering a secure and efficient digital payment option for Europeans. In a significant development, the Council of the European Union recently endorsed the ECB’s design for the digital euro, supporting both online and privacy-enhanced offline versions to be launched simultaneously. This alignment, detailed in a Friday document from the Council, paves the way for legislative progress, with ECB President Christine Lagarde emphasizing that final decisions rest with EU lawmakers to transform the proposal into binding legislation. How Does the Offline Digital Euro Ensure Privacy While Addressing Security Limitations? The offline digital euro aims to replicate the anonymity of cash by ensuring transaction data never leaves the devices of the involved parties, preventing centralized tracking that could link multiple activities to a single…
Filed under: News - @ December 23, 2025 1:28 am