28-11-2023 14:30
Public hearing on Digital Euro

virtual euro coin displayed on a mobile device
Digital Euro © Image used under the licence of Adobe Stock

On Tuesday 28 November 2023, from 14:30 to 16:30, the ECON Committee held a public hearing on the Digital Euro. This public hearing took place in light of the legislative proposal on the establishment of a digital euro put forward by the European Commission on 28 June 2023 as part of the Single Currency Package, which also includes a proposal on the legal tender of euro cash.

The discussions aimed to look at the different design options and implications of the digital euro project. In particular, the discussions focused on assessing the risks and benefits from various perspectives, for instance privacy, resilience of payment systems, financial stability and implications for the banking sector. The hearing was also a good opportunity to draw comparisons to other Central Bank Digital Currency (CBDC) projects that are being carried out.