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The European Union has reached an agreement on implementing digital identity, which includes the digital euro. This development is concerning as it goes against promises made to protect privacy and freedom. Experts have warned against this move, highlighting the potential risks. However, there is still an opportunity to voice opposition by emailing your Member of European Parliament (MEP) and expressing your disagreement.

The ECB has given the green light for the digital euro, entering the preparation phase. This move involves collaboration with European institutions to ensure Europe is equipped with the currency of the future. Cash will still be available alongside digital cash, providing consumers with free and convenient usage across the euro area. However, the implementation is subject to the legislative process.

If age verification is implemented for users aged 13 to 16, it will inherently require verifying the ages of all users accessing social media. This process raises privacy and data protection concerns for everyone involved. The distinction between age verification and age assurance is crucial, as this trial focuses on age assurance. Therefore, testing the age of younger users also means testing the age of all users, which has significant implications for data privacy. To address these concerns, we have commissioned consumer research to assess willingness and important factors related to this issue.

The ECB has approved the preparation phase for the digital euro, with all European institutions involved in ensuring Europe has the currency of the future. Cash will still be available alongside digital cash, providing consumers with free and easy-to-use options throughout the euro area. However, the implementation is subject to the legislative process.

The ECB has approved the preparation phase for the digital euro, involving all European institutions. Cash will still be available alongside digital cash, giving consumers the freedom to choose. The digital euro aims to be free, convenient, and widely accepted.

We propose providing secure and efficient digital payment access to all citizens, ensuring their freedom to pay.

The speaker discusses the lack of knowledge regarding what happens to our digital identities when creating new accounts or logging in through large platforms. To address this issue, the speaker mentions that the commission will soon propose a secure European digital identity. This identity can be trusted and used by citizens across Europe for various activities, such as paying taxes or renting bicycles. The speaker emphasizes the importance of a technology that allows individuals to control the data exchanged and its usage.

We passed a law last summer that allows our national bank to start developing a CBDC. The law goes into effect this August, so our national bank is working with us on pilot projects in the meantime. We're considering different platforms and recently announced that one pilot will be on the Stellar blockchain. We're working with the Stellar Foundation and commercial banks in Ukraine to come up with a working concept. There are also pilots with Ethereum and the NEAR protocol underway. We should be announcing some results in a couple of months. Since the law goes into effect in August, we're trying to figure out the technical advantages and obstacles in order to potentially launch early next year or maybe even by the end of this year.

The ECB representative closes the year with holiday wishes and reflection on a year of substantial work. They note that the European Central Bank is proud to have achieved its 2% medium-term inflation target, with inflation down to where it was intended to be. The discussion includes a comprehensive review of the strategy going forward, taking stock of the work done by all teams to assess whether the strategy is fit for purpose and whether the ECB remains fit for the times being faced, described as difficult times. Two major projects for 2026 are highlighted as priorities. The first is the digital euro. The cycle of preparation has been completed, and the governing council has given its go-ahead to move to the next cycle. The ECB is now waiting for the European Parliament to come up with final legislation that will enable the pilot phase to go ahead and, subsequently, the launch. The second project is related to the banknote, a traditional but essential effort. The ECB is revamping its banknotes, with the process well underway. A new design is anticipated, and possibly new faces, and the ECB looks forward to that development as well. The speaker emphasizes that the European Central Bank stands strong, pleased to have reached its price stability target, and determined to ensure that this remains the case and that the ECB remains useful for European compatriots. The message closes with wishes for a very happy holiday to all.

The ECB has approved the preparation phase for the digital euro, which will be a collaborative effort with European institutions. Cash will still be available alongside digital cash, providing consumers with free and convenient options throughout the euro area. However, the implementation is subject to the legislative process.

I agree that nature abhors a vacuum. Our work on the digital euro began when I started five and a half years ago, though Benoit Curry had spoken on it before me. I continued the project, and later Fabio Panetta, and now Piero Cipollone, have taken the lead with a great team. We're speeding up and engaging with the European Parliament, Council, and Commission to realize the digital euro. Our deadline is October 2025, and we're preparing for it. However, we need the legislative process to be completed by the Commission, Council, and Parliament to proceed. This is crucial and increasingly vital, both wholesale and retail.

The speaker discusses the purpose of a Central Bank Digital Currency (CBDC), stating it's meant to keep track of how people purchase, save, and work with goods. They acknowledge a report suggesting cautious progress and state the government is proceeding with caution, citing issues like privacy, financial inclusion, limits, monetary policy, and interest. A consultation is underway, and more information will be available tomorrow. The speaker says a CBDC is about being a modern economy that recognizes how citizens want to do business, but it presents challenges that need to be overcome before proceeding. They state they are still in the phase of looking at those challenges.

A discussion centers on a new proposed law, HR 8250, which would require operating system providers to verify the age of any user of an operating system and for other purposes, covering Windows, macOS, iOS, and Android, with open-source Linux considered in the debate. The claim is that this could serve as a Trojan horse to control people through a digital ID system, rather than being merely safety-focused. Speaker 1 references Catherine Austin Fitz, who says that if global elites deploy digital ID systems, they will control all aspects, including health freedoms and financial transactions. She argues that once financial transaction control is in place, all protections in health and food freedoms could be negated, and a 100% digital system with a digital ID and programmable money would allow authorities to dictate health decisions, vaccine status, gender-transition decisions for children, and other policies by turning off funds. Speaker 0 notes that Fitz is not hyperbolic and mentions Austin Steinbart, founder of the Quantum Party of America, who is joined by Speaker 0 to discuss the issue further. Speaker 2 (Austin Steinbart) asserts that the HR 8250 proposal is a disaster and goes beyond a digital ID concept by embedding age verification into the core of every device. He says the bill is six pages long and delegates enforcement to the FTC, creating ambiguity about whether biometrics, ID cards, or face scans would be used, leaving the mechanism up to the executive branch. He points out that the proposal could coordinate with companies like Apple (potentially via Face ID) and Microsoft to embed verification, while raising questions about how open-source Linux distributions would be forced to comply. He notes that Linux is open-source and typically users have root access, enabling workarounds or removal of such core files, and questions how a retrospective integration would work on devices like POS systems or hotel front-desk computers. Speaker 0 asks how the implementation would occur and whether the digital ID is the core objective beyond age verification. Speaker 2 confirms that the core goal is a universal digital ID across platforms, tying to privacy and cybersecurity concerns by requiring every service to interact with core OS files to verify age, with California already moving toward age verification that apps and websites would rely on. Speaker 0 links this to a broader move toward a central bank digital currency (CBDC) and a digital ID, quoting a sound bite from Catherine Austin Fitz about health identifiers affecting travel and other activities. Speaker 3 (a figure from the World Economic Forum) is cited, emphasizing tokenization of financial assets and the rapid rollout of a digital wallet and digitized currencies globally, with a critique that many countries are unprepared for such changes. Speaker 2 clarifies that blockchain or tokenization per se isn’t inherently bad, but concerns arise when centralized actors with anti-freedom aims design and control the system, shaping speech and policy. They discuss the potential benefits of tokenized assets in theory, while warning that centralized control could enable censorship and restricted financial activity. Speaker 0 ends by urging viewers to contact members of Congress to oppose HR 8250, urging them to “burn this thing down,” and thanks Speaker 2 for the analysis.

The ECB has given the green light for the digital euro, entering the preparation phase. This move aims to equip Europe with a future currency, while emphasizing that cash will still be available. The digital euro will offer consumers a convenient and free option for transactions across the euro area. However, it's important to note that these plans are subject to the legislative process.

The European Union has reached an agreement on the implementation of digital identity, which is concerning news. Commissioner Breton has also mentioned the possibility of introducing the digital euro, or Central Bank Digital Currency. This connection between digital identity and digital currency is worrying, as it goes against previous promises and has raised concerns among privacy and security experts. However, there is still a chance to voice opposition to this development by contacting your Member of European Parliament (MEP) and expressing your disagreement with this tool.

If we were to pursue a CBDC, it would have four key characteristics. First, it would be intermediated. Second, privacy would be protected. Third, identity verification would be required, meaning it wouldn't be anonymous. Fourth, it would be transferable or interoperable. We aim to strike a balance between privacy protection and identity verification, as is done in traditional banking today.

The European Union has reached an agreement on the implementation of digital identity, which is concerning news. Commissioner Breton has also mentioned the possibility of introducing the digital euro, or Central Bank Digital Currency. This connection between digital identity and digital currency is worrying, as it goes against previous promises and has raised concerns among privacy and security experts. However, there is still a chance to oppose this development by contacting your Member of European Parliament (MEP) and expressing your opposition to this tool.

The speaker has been working on the digital euro since the beginning of their term five and a half years ago, following initial work by Benoit Curry. Fabio Panetta and later Piero Cipollone have led the project with a dedicated team. The focus is on accelerating progress and engaging with stakeholders like the European Parliament, European Council, and European Commission to realize the digital euro. The deadline for this project is October 2025, and preparations are underway to meet it.

The European Central Bank has approved the preparation phase for the digital euro, emphasizing that cash will still be available. The goal is to provide a free and convenient digital currency option for consumers across the euro area. The process will involve collaboration with European institutions, ensuring that Europe is equipped with the currency of the future. However, the implementation is subject to the legislative process.

The ECB has approved the start of the preparation phase for the digital euro. This will involve collaboration with European institutions to ensure Europe has a future-ready currency. Cash will still be available alongside digital cash, providing consumers with free and convenient options throughout the euro area. However, the implementation is subject to the legislative process.

I just left the negotiations on digital identity, and I have concerning news. The member states and the European Parliament reached an agreement, meaning the digital identity will soon be implemented in the EU. Commissioner Breton announced that we now have the digital identity wallet, which he intends to fill with the digital euro, or central bank digital currency. This is troubling, as they previously assured us there would be no connection between the two. Privacy and security experts have warned that this development poses significant risks to our privacy and freedom.

We are preparing for the possibility of a new currency, but the decision won't be made until October 23. We don't want companies like Meta, Google, or Amazon to create a currency that takes over Europe's sovereignty. Currently, in Europe, cash payments above €1,000 are considered on the gray market, risking fines or jail time. The digital euro will have some level of control, but we are considering allowing no control for very small amounts, around €300 or €400.

We are introducing the electronic euro to reduce cash payments over €1,000 in Europe. The digital euro will have some control, possibly exempting very small transactions under €300-€400. However, this could pose risks, as small anonymous credit cards were used to finance terrorist attacks in France a decade ago.

Many people are a little worried about what will happen to them with the digital euro. Can you encourage them? Why is the digital euro good for people like you and me? The digital currency, where it has been piloted, and there is only one which is clearly now launched in in a very small country, but it is piloted on a fairly large scale in in China, is of use and of service to all citizens. So it is not something that is good for the elite or is good for the young or is good for some versus others. If it is well done and if it is well implemented, it would be of service to all citizens.