European Commission: Targeted consultation on a digital euro
07 April 2022
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
- Users’ needs and expectations for a digital euro
- The digital euro’s role for the EU’s retail payments and the digital economy
- Making the digital euro available for retail use while continuing to safeguard the legal tender status of euro cash
- The digital euro’s impact on the financial sector and the financial stability
- Application of anti-money laundering and counter terrorist financing (AML-CFT) rules
- The privacy and data protection aspects
- International payments with a digital euro
full document
Commission
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