When it comes to the central bank, we propose that we do not have access to personal data. [15] And it will be for you, as co-legislators, to decide on the balance between privacy and other important public policy objectives like anti-money laundering, countering terrorism financing, preventing tax evasion or guaranteeing sanctions compliance.
On our side, we have been working on solutions that would preserve privacy by default and by design, thereby giving people control of their payment data. [16] To this end, we are also closely engaging with the European Data Protection Supervisor and the European Data Protection Board.