ECB claims digital euro will offer 'maximum level of privacy' amid surveillance fears

The ECB asserts that the digital euro will provide a maximum level of privacy to address surveillance concerns. According to board member Piero Cipollone, the Eurosystem will be unable to link specific individuals to their transactions. However, he clarified that the banks responsible for handling these transactions will still maintain the ability to do so. This distinction aims to balance user anonymity with the operational requirements of the financial institutions managing the new digital currency.