Blockchain AlephZero, which aims to improve the protection of personal information, has joined the Digital Euro Association (DEA) to collaborate on the development of a digital euro. The DEA is working with EU regulators to assess the integration of euro stablecoins into the digital economy and the interaction between private stablecoins and CBDCs. 🤝
Collaboration with DEA allows AlephZero to guide the development of stablecoins and CBDCs in accordance with user privacy. AlephZero functions as a layer 1 blockchain, enabling the deployment of scalable, secure, cost-effective and confidential products using Zero-Knowledge (ZK) technology across various sectors. 🌐
The new partnership coincides with the introduction of MiCA (Markets for Crypto-Assets), which will come into full force on December 30, 2024, with stablecoin regulations coming into effect 6 months earlier in June.