Anti-Financial Crime & Financial Crime Compliance
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EU, EU/Europe

NEWS: Consumer finance group seeks more privacy in digital euro use

By Huw Jones

Tougher privacy safeguards are needed for using a digital euro online, consumer lobby Finance Watch said on Tuesday, in the latest sign of mounting “Big Brother” concerns policymakers are having to confront.

The European Central Bank is due this month to say if it will push ahead with a digital euro, one of many central banks across the world, including the Federal Reserve and Bank of England, seeking to keep ahead of technological advances in payments.

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