Yesterday, the European Banking Federation (EBF) published a report on its vision for a future digital money ecosystem, where a retail digital euro, a wholesale central bank digital currency (CBDC), and bank-issued money tokens all play important roles.
The EBF report laid out some of the main principles to ensure that the digital euro can meet evolving needs, add value to customers, and mitigate potential risks, including the idea that banks gain access to individuals’ payment data.
It agreed with many of the ECB’s policy objectives with the digital euro, but insists “that intermediaries have access to payment transaction data in the same way as they currently do for digital payment means.”
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