However, high safety standards would need to be met. It is absolutely necessary for such a system to mitigate any risk of fraud and counterfeiting as far as possible. This is particularly important in the current stormy weather with daily and highly sophisticated  4/6  BIS - Central bankers' speeches  cyberattacks.
It is clear that a digital euro would have to ensure a high degree of privacy while complying with the applicable regulations. I would like to underline that cooperation with the private sector is crucial in order to make the digital euro a success.