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As said, this will not replace physical money. And there is nothing with the digital one they couldn’t do already. Not really sure what is the scare about.
Plus, a government can’t track or earmark money. With a digital euro, they gain much more control over how you are allowed to spend your money.
Considering the autocracy trend, the timing is “unfortunate”.
As said, this will not replace physical money. And there is nothing with the digital one they couldn’t do already. Not really sure what is the scare about.
You have obviously never driven change in an organization.
You don’t claim to change everything on day one. You say: “people will have the choice”.
Then, you reduce the choices. Your taxes? They have to be in digital euros.
Then, you increase the scope. Purchases over 50k? Digital euros. It’s only a minority of transactions anyway.
Then, you lower the bar. Anything above 10k.
Then, you reduce the printing of physical money (lower values) and you say: “digital euros are more convenient anyway”.
The digital euro is going in pair with the new privacy laws.