EBF's vision of the digital euro
The EBF's vision is for a digital euro that complements existing payment solutions, built on sound financial stability safeguards, a viable business model for intermediaries, and close ECB-market cooperation.
Key EBF positions
Digital Euro Cost Study – Additional Information
Digital Euro Cost Study
EBF Vision on a Digital Euro Ecosystem - March 2023
Copenhagen Economics study on the impact of a digital euro on financial stability and consumer welfare - 20 December 2023
A digital euro beyond impulse - 25 October 2023
EBF response to European Commission’s Targeted Consultation on a digital euro - 16 June 2022
Strategic considerations - January 2021
Impact on bank funding - 26 May 2021
How does a digital euro fit the payments landscape?
European Central Bank - digital euro
Alongside many Central Banks around the world, the European Central Bank is exploring the possibility of issuing Central Bank Digital Currency (CBDC), a digital euro. The ECB is currently looking at how a digital euro could be designed and distributed, as well as the impact it could have on the market.
In October 2023, the ECB Governing Council decided to move to the next phase of the Digital Euro project: the preparation phase.
Past events
EBF DIGITAL THURSDAYS - From Payments to CBDCs: Are we rethinking the financial ecosystem?
The third Digital Thursday 2021 focused on Central Bank Digital Currencies and payments. The event discussed the phenomenon of CDBC globally and debated on the need for CBDCs for a global financial ecosystem. Experts explored how CBDC issuance would change the role of central banks and the banking system overall, while providing insights on different CBDC projects that are under way. The event touched on a potential integration of a digital euro into the European payments landscape: how does it fit together with the retail payments strategies of the European Commission and the ECB? And how does it affect the objective to develop ‘homegrown’ pan-European payment solutions and the new instant payments framework in Europe?
EBF DIGITAL THURSDAYS - Close-up: A digital euro
Central banks around the world are investigating Central Bank Digital Currencies as a response to the emergence of private stablecoin projects and to meet the needs of an increasingly digitalized economy. In Europe, the ECB is expected to announce soon the continuation of its investigation into a digital euro following a public consultation phase. For the debate to go forward, it is important to explore in more detail what a digital euro could look like, what could be its features and how it could be best designed to benefit European businesses and citizens. The digital euro project also raises important questions on the role of the banking sector, including the broader role banks would play in a digital euro ecosystem and how they would participate in the design phase. At EBF Digital Thursday Close-up we discussed these challenges, including what to expect from the next phase of this important new development. Click on the banner above to watch the full recording of the event. Watch the full event here
