EDPIA is delighted to share its views on the ongoing discussions around a digital euro.
We believe that the payment industry should have a central role in making a digital euro successful. The role of the European Central Bank should therefore focus upon issuance (as well as maintaining its oversight role).
It would further be worthwhile to consider a tiered system when it comes to issues such as privacy and the fight against financial crime. This could for example facilitate lighter requirements and higher degrees of anonymity for low value payments.
The European Central Bank is expected to decide on the next steps of the digital euro project in the near future. We hope to continue to contribute to this active policy discussion.
Click here to read the full position paper.