Panetta has brushed away concerns over state snooping, telling the European Parliament’s Economic and Monetary Affairs Committee on Wednesday that the ECB has “no commercial interest in use of this data,” and “will respect until the last comma” privacy laws – unlike, he suggested, companies just looking to make a profit.
Related posts
-
What price privacy? Poor PSNI procedures culminate in £750k fine
We have fined Police Service Northern Ireland (PSNI) £750,000 for exposing the personal information of its... -
Canada's CBDC Departure Risks Web3's Interoperable Future
A lack of interoperability poses an existential threat to central bank digital currencies, as it does... -
Hong Kong CBDC Pilot Enters Phase 2 With New Firms to Advance Digital Currency Use Cases
The Hong Kong Monetary Authority (HKMA) has moved into...