Published 7 November 2022 at 15.35
Economics. The work against so-called money laundering and the financing of terrorism must not mean that the transition to digital cash means that the state can track all transactions. That's what German Finance Minister Christian Lindner says.
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“Digital cash will only become widely accepted if privacy is respected. Personal data and transaction data from everyday transactions must therefore not be saved,” writes Lindner on Twitter.
“The fight against money laundering should be risk-based, but not based on general suspicion,” he writes further.
The minister then continues to talk about how so-called fin-tech companies in the EU will provide the Union with a “cutting edge” technology on payment area. However, what, concretely, these fin-tech companies will contribute to the economy is not entirely easy to understand.