Digital euro's privacy promise not worth a centralized system, Oasis exec says
A former Apple executive believes the European Central Bank might just be paying lip service to the concept of privacy in relation to a digital euro. When European Central Bank board member Fabio Panetta addressed the European Union Committee on Economic and Monetary Affairs in April, he emphasized the importance of privacy in any potential future CBDC rollout. The ECB had conducted a public consultation on the possibility of a digital euro, canvassing the opinions of over 8,000 individuals and businesses. The responses that came back suggested privacy was the number one concern....
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The European Central Bank (ECB) leans toward a “transparent” digital euro over one that ensures a higher level of privacy for its users, a presentation devoted to the project has indicated. In the document, the monetary authority explores different privacy options for the eurozone’s digital fiat. User Anonymity Not Desirable for Digital Euro, ECB Says A presentation by the European Central Bank has thrown some light on the regulator’s “preliminary views” on the privacy-related features of the digital euro. It comes as the project to issue a....
The privacy-focused Oasis Network has completed its mainnet launch, promising to facilitate under-collateralized loans in DeFi. Oasis Labs has announced the successful launch of its Oasis Network mainnet, with more than 70 independent validators already live.Oasis is a privacy focused Layer 1 network that claims a throughput of 1000 transactions per second designed to support decentralized applications. In June 2018, Oasis raised $45 million from crypto venture heavyweights including A16z, Binance Labs, Pantera, and Polychain. Oasis allows data to be encrypted, and for privacy policies....
The European Data Protection Board (EDPB) has issued a call for EU institutions to uphold privacy when designing a digital version of the euro. The agency is ready to provide advice on data protection matters surrounding the project. Meanwhile, an ECB executive has vowed that the digital euro will protect users’ privacy. EDPB Insists Data Protection Should Be a Priority in Eurozone’s CBDC Project The EDPB has shared its views on the privacy and data protection aspects of a possible digital euro in a letter addressed to European Union institutions. The independent body insists....
An executive member at the European Central Bank says a digital euro could protect the Eurozone's monetary sovereignty from outside influence.
The initiative wants to set clear boundaries for the personal data accessed by third parties. Oasis Labs, the commercial venture closely related to the Oasis Protocol blockchain, announced a new data privacy project built in collaboration with BMW Group.Announced on Wednesday, the collaboration between the two companies aims to build a new method of accessing personal data that would place clear restrictions on what information can be obtained and how.Oasis refers to this constrained approach as “differential privacy.” It’s an attempt to provide guarantees that aggregated data cannot be....