This is a good step. The notoriously malicious actors should not have access to last piece of data they do not have which is the most sensitive data you can acquire.

EU should also take a look at Visa and Mastercard. Skimming fraction of most retail payments in Europe for an obsolete service that adds little real value is crazy. With the digital euro ecosystem, Europe has a unique chance in the coming years to build its own payment rails and end this dependency.

Really like the idea of digital euro unfortunately when you look at the timeline for implementation I am skeptical if it will ever become a reality. Changing politics are not favouring long term projects. I would have expected it to be live sooner.

CBDC's are a gimmick.

Alternatives like Union Pay and Rupay and were built without any of this nonsense. Same for Pix and UPI.