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07 April 2022

European Commission: Targeted consultation on a digital euro


For a digital euro to be used as the single currency, concurrently with euro banknotes and coins, it would require a Regulation of the co-legislator, upon a proposal by the Commission, on the basis of Article 133 TFUE.

Objective of the consultation

 For the Regulation, an impact assessment will be prepared, which will be supported by consultations carried out y both the Commission and the ECB. The present targeted consultation complements the ECB’s public consultation. It aims to collect further information on expected impacts on key industries (financial intermediation, payment services, merchants), users (consumer associations, retailers’ associations), chambers of commerce and other stakeholders in international trade. This targeted consultation will gather further evidence on the following issues

  1. Users’ needs and expectations for a digital euro
  2. The digital euro’s role for the EU’s retail payments and the digital economy
  3. Making the digital euro available for retail use while continuing to safeguard the legal tender status of euro cash
  4. The digital euro’s impact on the financial sector and the financial stability
  5. Application of anti-money laundering and counter terrorist financing (AML-CFT) rules
  6. The privacy and data protection aspects
  7. International payments with a digital euro

full document

Commission



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