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Illya Gerasymchuk
Entrepreneur / Engineer

decentralized digital Euro will not work, because the ECB needs to have full control over it

decentralized digital Euro will not work, because the ECB needs to have full control over it retail CBDCs are direct central bank liabilities on the balance sheet. so "neutral market infrastructure" would not work, because the ECB needs to have full control over it. you can also imagine how many regulations need to be accounted for by the implementation it most likely won't use a public blockchain for base implementation, and it's definitely not like stablecoins 😄 digital euro also needs to support offline payments, which isn't currently widely supported in DeFi. Zero Knowledge Proofs enable some potential solutions for this, but I don't believe that that's with what the ECB is going with now

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