Specializing in stablecoins, crypto assets, central bank digital currencies (CBDCs), and other digital money products, the Frankfurt-based DEA is a think tank. The DEA's primary goal is to direct the creation of the public and private digital Euro.

Aleph Zero's proficiency in creating cutting-edge blockchain solutions was acknowledged by the DEA, as it perfectly fits with its mission to influence the direction of digital currency in the future. The group added that Aleph Zero's technology has a lot of promise to improve how blockchain technology and digital currencies interact, are used, and are comprehended. This partnership will allow for a dynamic flow of ideas and information, which will help shape the changing face of digital currency.

The Aleph Zero Foundation is a wonderful addition to our network. Their major contributions to blockchain technology have a fundamentally positive impact on our community's technical proficiency. This partnership is a significant step closer to our objective of influencing the direction of digital money with an emphasis on improved efficiency, security, and privacy. Their dedication to putting privacy first is a great fit with our principles, making them an excellent partner.
Dr. Jonas Gross, Chairman of the DEA

The future of the public and private digital euro: promoting stablecoins that protect privacy

But as an independent organization working with EU authorities, the DEA is primarily concerned with how euro stablecoins will integrate into the digital currency landscape and how private stablecoins might best interact with public CBDCs.

The DEA is a fervent supporter of privacy-preserving stablecoin choices, in keeping with Aleph Zero's mission. In fact, one of their most well-known whitepapers to date stated that "privacy-preserving stablecoins might be beneficial to garner greater stablecoin use in the future." These stablecoins would allow users to control their privacy without relying on a central bank's guarantee to protect data, as other CBDC solutions indicate, and without having back doors.

As much as stablecoins should provide as much physical cash-like privacy and anonymity as possible, they should also address tax and regulatory issues and constraints, including anti-money laundering (AML) and combating the financing of terrorism (CFT), without disclosing any transaction details to third parties, including the government, unless there is a court order, the DEA says, echoing Aleph Zero's strong support for maintaining regulatory compliance.
concentrating on the advancement of the digital euro by joining the DEA

The group, which counts Ripple, Circle, and RTGS.global among its members, is dedicated to independence in combining and magnifying the opinions of the public, as well as in promoting innovative ideas in the realm of digital money and the public benefit through information exchange.

Aleph Zero will be instrumental in advancing the development of stablecoins and CBDCs that are in line with our goal for solutions that guarantee user privacy and protection by partnering with the DEA. This collaboration also follows the Markets in Crypto Assets (MiCA framework), which aims to simplify the regulation of bitcoin and distributed ledger technologies while maintaining customer safety. The European Blockchain Services Infrastructure (EBSI) initiative, whose primary objective is to promote more blockchain usage throughout the EU, also receives frequent contributions from core team members.

The Aleph Zero Foundation is excited to become a member of the Digital Euro Alliance, a progressive group that is essential in determining the direction that digital currencies will go in Europe and beyond. Stablecoins and CBDCs represent one of the next major developments in technology and finance. We think the DEA will contribute to the rational development of private sector digital euros and central bank digital currencies by working with regulators, legislators, and business partners.
Co-founder of Aleph Zero Antoni Żółciak

In order to create digital currency in the future that benefits regulators as well as users, we are dedicated to collaborating closely with the DEA.