Two weeks ago, the European Central Bank published its report on the digital Euro, which said it would decide whether to proceed with a project by mid-2021. Now it has launched a public consultation on the topic.
Separately, a Bank for International Settlement (BIS) publication on central bank digital currencies (CBDC) in conjunction with seven central banks was published last week.
We noted that the BIS report floated the issue of how to pay for a CBDC, who might be charged, and in the context of covering costs, whether “allowing access to consumer data is permitted.” In other words, whether it might sell data to cover costs.
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