Since the inception of the digital euro, many critics have called the proposed digital currency a surveillance tool.
The digital euro will be one of the most private forms of electronic payment, according do a data protection official from the European Union.
On Oct. 2, 2020, the European Central Bank (ECB) released a report laying the groundwork for its central bank digital currency (CBDC), the digital euro.
The digital euro has been in its investigation phase since October 2021, during which ECB officials and bankers hypothesized about its possible design and purpose.
