EU opened up new consultation on the digital EURO

The European Union is thinking about rolling out digital euros, and that is why they are asking for the opinion of financial services specialists in order to gain some input on its potential in the international market and the world economy.

Through a notice published on Tuesday, the European Commission’s Directorate‑General for Financial Stability, Financial Services, and Capital Markets Union stated that they would prepare for a CBDC or Central Bank Digital Currency based on the impact of the said currency on chambers of commerce, financial service providers and retail users.  

Industry specialists will be invited to consult in the cases of financial stability, uses of cash payment, international payments, fighting financial terrorism rules, privacy, and money laundering. The response received from the general public and merchants has suggested that the rollout of a potential digital euro can benefit both the physical retail outlets and online outlets.

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