Cardano Founder Criticizes EU Digital Euro at UN

This report is based on information published by coinpedia.org. The source said Cardano founder Charles Hoskinson criticized the European Union’s Digital Euro, saying he does not trust Europeans with it because of the risk of “asset and transaction discrimination.”

According to coinpedia.org, Hoskinson challenged officials to write a ban on such practices into law if they are not planning them. The source also said he delivered a speech at the United Nations and described crypto as entering a new era of exponential growth.

✦Key Takeaways

• ✓Charles Hoskinson criticized the EU’s Digital Euro over concerns about “asset and transaction discrimination.”
• ✓Hoskinson challenged officials to put a ban on such practices into law if they are not planning them.
• ✓The source said Hoskinson delivered a speech at the United Nations about crypto entering a new era of exponential growth.

✦Context

The Digital Euro is the European Union’s proposed central bank digital currency. Public debate around such projects often centers on privacy, control over transactions and how financial rules would apply to users.