The Digital Euro has the potential to redefine European retail payments and bring considerable benefits to European citizens. As a public alternative to established, privately controlled means of payment, such as payment cards and proprietary mobile wallets, the Digital Euro could contribute significantly to reasserting citizens’ control of money and payments in the Union.
But this Central Bank Digital Currency (CBDC) for the Euro area is not without risks. Its impact on financial stability, financial inclusion, consumer protection and monetary policy need to be carefully considered. The Digital Euro must be properly regulated and designed.
This event is an opportunity to deep-dive into the Digital Euro debate, and it comes at an important moment. With EU policymakers in Brussels starting to wrap-up key topics ahead of next year’s elections, discussions on the regulatory aspect of the Digital Euro have been continuing steadily since the Commission published its legislative proposal on 28 June 2023.
What’s more, the Governing Council of the European Central Bank (ECB) is expected to decide on next steps for the Digital Euro project this autumn. While a Digital Euro may be a few years away, the conversations happening today will lay the foundation for what comes next.
This event has passed. You can watch the videos for Panel 1 and Panel 2 below:
Who is the Digital Euro for and why do we need it now? How should it be designed? Join the Finance Watch online event on 25 October 2023 to hear what those shaping the Digital Euro project have to say on these fundamental questions.Online - Finance Watch email@example.com aDFdtugMkzeEXUhHCmVG49806