Digital Euro Coming into our Lives and Pockets?

Abstract

This paper aims to summarize the digital euro project that was launched by European Central Bank (“ECB”), in order to try and explain – hopefully in simple terms – the relevance of such change for the EU society and for the market players directly involved in the creation of the digital euro (i.e. merchants, banks and payment service providers). The digital euro project is still on-going, both in terms of legislative process and practical evaluations, therefore, this article is based on the draft proposed digital euro Regulation and on the information currently made available by ECB and the various EU Institutions.