How a digital EURO may look like

[mindrust]

The Euro and the Dollar are already digital. They sit mostly in your bank accounts. They don't need a blockchain to do that. What they really want is removing the physical bills completely and I don't think that's a good idea.

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[sensimilia]

Im not sure that it will be more private than standart EURO. Its not profitable for govs to implement privacy coins as primary payment method

[iamsheikhadil]

I don't think such digital euros are even necessary, they can create a coin and give them the name of Euro but if it doesn't provide us with privileges of anonymity and freedom, I doubt anyone would use it. They have to combat crimes, not we, it's their burden, because of exceptions, they can't make rules for everyone and make it norm!

[SacriFries11]

Im not sure that it will be more private than standart EURO. Its not profitable for govs to implement privacy coins as primary payment method

I think it's hard to fully implement digital EURO, government would rather control the circulation of money and the transparency that they needed in order to provide trust to their people. I think it's alternative EURO, a digital that make the people transact easily but need to control by the government. One thing that people's concern is that it can use illegally. It's good to know that there are a lot of countries making their own digital money. There is a city here in my country that planning to launch their stable coin it's called C-PESO.

[NeuroticFish]

I don't think such digital euros are even necessary, they can create a coin and give them the name of Euro but if it doesn't provide us with privileges of anonymity and freedom, I doubt anyone would use it. They have to combat crimes, not we, it's their burden, because of exceptions, they can't make rules for everyone and make it norm!

A stable coin pegged to EURO, provided by an entity much more trusted than Tether can ever be, accepted and probably advertised by most shops.. I doubt that there will be many who will not use it in some years.
It has a good chance to become something more widely used, accepted and probably cheaper(!) than Visa or MasterCard, which are also far from anonymous.

[danherbias07]

Will there be a voting intended for the people before they make the such changes? I don't think so. Even if they don't like the idea.
If someone serves the bill and they pass it then the people won't even have any choice but to follow it.
As I read thru the article 8000 participants do have good recommendation but it's all just for the ease of people. How about the ease for the government?

This might be difficult to implement and may give birth to new problems especially in the rural regions who are inclined to use fiat.
Perhaps they'll just go back into bartering their goods. 

[(o)(o)ilikeboobs(o)(o)]

The cryptocurrency of EURO will be issued by the central bank of EURO. It may still be blockchain-based, but in a centralized chain and banks can control transactions at their discretion. And of course, their source code will be confidential.
I don't think the government's cryptocurrency will be as decentralized and transparent as the current projects on the market.

[BrewMaster]

digital fiats issued by the governments and banks aren't something that concerns us because they aren't even creating them for the people. usually these things are created for some geopolitical power struggles. for example China is trying to make its own digital Yuan so that it can take over the world in currency too while kicking US dollar out by replacing it for good in the long term.

[Similificator]

The difficulty level of attaining this is quite huge and I personally do not think that any government would allow let alone create something like this had there been no back plans in ridding people off of privacy that they very much want. This is probably just a tactic in making something similar to cryptocurrencies to fool people into switching so that the government along with the banks can gain or have even more control over funds of every citizen.

[jaberwock]

My self-question is, up to what point a successful launch of a digital Euro, versus a Digital Yuan and a Digital USD may increase the attractive of these currencies and thus could impact the exchange rate beyond the usual interest rates / inflation / import-export components of the demand for currencies.

Lol I don’t think there are that many people who are ready to adopt this digital currencies that the government are planning to develop. And moreover there are still many people who likes making use of cash, I always have a need for both cash and electronic payment methods. So that’s why I don’t see them both as a competition, because I always see the need for making use of the both of them.

Instead of looking for digital currencies to create , I believe there are other pressing needs that the government should be giving their attention to and not to creating digital and cryptocurrencies. When they have fixed things that are more important we can then talk about these ones.

[Febo]

There's definitely more privacy with BTC than there'll be with CBDCs.

LOL what?   Bitcoin have public ledger. Anyone. Totally anyone can look at all your trades.  Not a police or judge or but every single criminal in the world.  CBDCs will have opaque ledger and only central authority will be able to check transaction. Those that those authorities will sell your info and those that will hack them and steal this info.

Address that you have in your profile shows 72 transactions. I saw this just by using blockchain explorer. No fancy chainanalysis tool that are being build right now to serve everyone. Blochain analysis will soon be multi billion industry  that will employ brightest minds in crypto.

[NeuroticFish]

There's definitely more privacy with BTC than there'll be with CBDCs.

LOL what?   Bitcoin have public ledger. Anyone. Totally anyone can look at all your trades.  Not a police or judge or but every single criminal in the world.  CBDCs will have opaque ledger and only central authority will be able to check transaction. Those that those authorities will sell your info and those that will hack them and steal this info.

The difference is that for Bitcoin there can pretty easily be made so there's no correlation between your actual name/person and (some of) your wallets.
On the other hand, although you will not know how much digital EURO I own, the government will surely know.
I'll say that neither is optimal, but at least for Bitcoin you always have the choice of a mixer 

[aoluain]

There's definitely more privacy with BTC than there'll be with CBDCs.

LOL what?   Bitcoin have public ledger. Anyone. Totally anyone can look at all your trades.  Not a police or judge or but every single criminal in the world.  CBDCs will have opaque ledger and only central authority will be able to check transaction. Those that those authorities will sell your info and those that will hack them and steal this info.

The difference is that for Bitcoin there can pretty easily be made so there's no correlation between your actual name/person and (some of) your wallets.
On the other hand, although you will not know how much digital EURO I own, the government will surely know.
I'll say that neither is optimal, but at least for Bitcoin you always have the choice of a mixer 

Like Chipmixer! nice one NeuroticFish.

Anything government issued will enable them to track the movement of that thing
be it electronic FIAT transactions or digital FIAT transactions. Bitcoin is more difficult and there are options open to us to
disguise our transactions.

Digital Euro being controlled by the governments will also be able to restrict the use
of it, the same as they do with FIAT. Block cards, close buildings and shut down ATM's.

[mindrust]

Anything government issued will enable them to track the movement of that thing

Bitcoin is not issued by any government (so they say at least) and yet they still track it. Like I said above, the dollar and the euro are already digital. If they are not going to make it decentralized which they won't as you guessed, why bother? They bother because they don't want the physical notes.

[NeuroticFish]

If they are not going to make it decentralized which they won't as you guessed, why bother? They bother because they don't want the physical notes.

It's more than that.
Unlike the data from private companies VISA or MasterCard, or payment processors, which they have to ask and may not come so easy, unlike private banks where locking your money may take a while (papers getting sent, approved, operations done only in banking days), their own electronic money solves all this: full control over all the information and tracking, full control for locking or confiscating the coins they want whenever they want.
Shortly: full surveillance and control, that's why they bother. And I expect to be cheaper to be used than credit cards, hence shops may even advertise/prefer this kind of payment.
And yes, I also expect it will allow reversal or payments; being centralized it may not even need a blockchain.

[Febo]

The difference is that for Bitcoin there can pretty easily be made so there's no correlation between your actual name/person and (some of) your wallets.
On the other hand, although you will not know how much digital EURO I own, the government will surely know.

This is much easier to say then to do. When i buy a TV seller know my address where o sell it. When I buy a car seller know who  I am since he make a contract and give me keys. There are some things you can trade anonymously but most you cant.

Government is last I am worried to know my personal information. They know it right now already and I have no problem with that as long as they keep them safe. I am afraid that corporations or bad guys get a hold of those information about me.

[cryptoperkele]

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So, yes, privacy is going to be a concern, yes the institutions will not make digital euro anonymous per-se so I my view we should expect it to be very unlike cash and yes it does open the door to making cash restricted for very small payments and thus having a massive control over people.

My self-question is, up to what point a successful launch of a digital Euro, versus a Digital Yuan and a Digital USD may increase the attractive of these currencies and thus could impact the exchange rate beyond the usual interest rates / inflation / import-export components of the demand for currencies.

This has Dusk Network written all over it. Confidential permissionless transactions, privacy smart contract, 2 different transaction models and regulatory compliance. I am hoping that they will get a change to prove themselves after mainnet.

Days of the physical cash is numbered but let's hope that the system replacin it isn't going to be huge surveillance program

[just_Alice]

If the government continues to implement digital currency that has a way of tracking your movement, I am pretty sure that there isn't going to be a lot of people that are going to like it. Also, privacy is a commodity in this world full of technology that tracks you. Remove the ability to trace the movement of the people and make it favor the people.

Most people have nothing to hide, so, I suppose, tracking won't be a major constraining factor here. At the same time, most of people worry about the current fees on money transfer and the convenience of this process. If the developers manage to make this digital EURO transfer more advantageous, faster, cheaper - I bet people will follow this idea regardless of privacy issues.

[verita1]

Although I do not live in the European Union, it is my positive vision that a public consultation has been made to its citizens on how the digital euro would function for their needs.
Without a doubt, in all parts of the world central banks have realized that they need a transformation to digital alternatives.
The result of the survey glimpses innovation.

[DarkIT]

Although I do not live in the European Union, it is my positive vision that a public consultation has been made to its citizens on how the digital euro would function for their needs.
Without a doubt, in all parts of the world central banks have realized that they need a transformation to digital alternatives.
The result of the survey glimpses innovation.

With the confidence,I will say EU doesn't made a Digital assest on EURO.Since you are from the EU nation,you may aware about the economy their.They made economy to balance all the nation in EU.So how they accepted a digital currency and make them with different demand on different nation.And they won't allow the less stable coin.