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

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 h ave 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.
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.

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