Christine Lagarde, President of the European Central Bank, announced that the "digital euro" project is moving into its final preparatory phase for a potential 2029 rollout. Fabio Panetta of the Bank of Italy highlighted that this Central Bank Digital Currency (CBDC) will provide a "payment rail" allowing for total control of information traveling with payments. Critics warn this infrastructure will be used to monitor and restrict transactions, such as those to adult platforms.
