4 ms·
> The "Digital Euro" (and similar proposals by other political entities) has only one purpose: Causing all of your transactions and financial data to pass throu
by Someone 8mo ago
> The "Digital Euro" (and similar proposals by other political entities) has only one purpose: Causing all of your transactions and financial data to pass through government hands.
Care to explain how that would work? AFAIK, this introduces an option to not use the current banking system for payments, it doesn’t require EU citizens to use it at all, certainly not for all payments.
Governments also don’t need their own payment system to get that data. They can use laws to force banks to give it to them.