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  • Deborah

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.

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