European Central Bank executive considers spending, saving limits for future digital currency
The executive also suggested restrictive savings limits that would limit users’ total digital euro holdings to a maximum of just €3,000.
users of the digital euro should only be allowed to spend €50 per transaction and have a maximum monthly spending limit of just €1,000 if they want to avoid having their transaction data recorded by the ECB.
The digital euro is the European Union’s (EU’s) proposed central bank digital currency (CBDC) and officials involved with the project have already confirmed that it will have less anonymity than cash.
But during an appearance at a “Towards a legislative framework for a digital euro” event (which was jointly organized by the European Commission (EC), the executive branch of the EU, and the ECB), Panetta and other officials discussed further restrictions that they hope to impose when the digital euro rolls out.
Commies and Fascists
The average family runs their finances much better than the average central bank runs theirs. If you were to put one in charge of the other, which should it be?
And when did some central bank executive gain power over a citizens right to spend their own money. What the fuck is wrong with people today? Stand up, morons!