envi+84988723188, +84988211968
[email protected]

Progress on the investigation phase of a digital euro

This report presents progress made during the investigation phase of the digital euro project and elaborates on the foundational design options that were recently endorsed by the Governing Council.

cbdc – euro

As regards the design of the transfer mechanism used to validate transactions, the Eurosystem will further explore a digital euro solution, in which transactions would be made online and would be validated by a third party, as well as a peer-to-peer validated solution for offline payments.

The Eurosystem will explore options that could allow a digital euro to replicate some cash-like features and enable greater privacy for low-value transactions.

In general, a number of further steps would need to be taken before a digital euro could be introduced. In the first quarter of 2023, the European Commission will propose a regulation to establish the digital euro, which is expected to help achieve the digital euro objectives.

The Eurosystem will continue to actively engage with a large number of stakeholders, including European policymakers, throughout the remainder of the investigation phase.

In October 2023 the Governing Council could decide to start a realisation phase to develop and test technical solutions and business arrangements for a digital euro.


Source: Report

Related Posts

Leave a Reply

Recent Articles

Educational Technology: Blockchain in Education
May 5, 2023
Hong Kong may license cryptocurrency firms by year-end
April 15, 2023
The Prime Minister gave the departments the task of integrating and sharing the demographic database in order to create a digital citizen ecosystem
March 22, 2023
The Government of Vietnam has just issued Decree No. 53/2022/ND-CP detailing a number of articles of the Cybersecurity Law
March 13, 2023
State Bank has submitted a report to the National Assembly on the Proposal of Law on Anti-Money Laundering (amended)
March 8, 2023
The Prime Minister signed Decision No. 941/QD-TTg on the issuance of the National Action Plan on prevention and combat of money laundering
February 28, 2023
The Prime Minister issued Decree No. 59/2022/ND-CP establishing electronic identification and authentication
February 20, 2023
Guidance on coordination in control of staff assets
February 15, 2023
New export C/O form RCEP applied from 01/01/2023
February 8, 2023
Add information “place of birth” to passports
February 1, 2023