Released on April 5 by the European Commission (EC), the Consultation Paper purpose is to gather further information on expected impacts on key industries, users and other stakeholders.
Issues the Commission is consulting on:
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
The Commission is seeking comment from the following: payment industry specialists, payment service providers (including credit institutions, payment and e-money institutions), payment infrastructure providers, developers of payment solutions, merchants, merchant associations, consumer associations, retail payments regulators, and supervisors, anti-money laundering (AML) supervisors, Financial Intelligence Units, and other relevant authorities and experts.
Comments should be submitted by June 14, 2022.