European Central Bank: Digital Euro to Offer 'Maximum Privacy,' Though Not as Much as Cash

A new central bank digital currency (CBDC) in Europe would be designed with privacy in mind, although it would never be as private as cash is, according to a European Central Bank (ECB) official. Speaking before the European Parliament's Committee on Economic and Monetary Affairs on Monday, ECB board member Fabio Panetta said a euro CBDC would "complement" cash, and mimic the best features of cash payments....