The European Central Bank (ECB) has concluded its public consultation on the digital euro, receiving over 8,000 responses. The ECB will now analyze the large number of responses in detail. The public consultation was launched in October 2020, following the publication of the Eurosystem report on a digital euro. The ECB plans to publish a comprehensive analysis of the consultation in the spring, which will be an important input for the ECB’s Governing Council when deciding whether to launch a digital euro project. Initial analysis of the data shows that privacy of payments, security, and pan-European reach were the top preferences among respondents. The ECB emphasizes the importance of citizen and stakeholder opinions in shaping the vision of a digital euro. The digital euro would be an electronic form of central bank money that would complement cash and prioritize privacy and security in digital payments.
HomeCBDCDigital Euro UpdatesECB digital euro consultation concludes with unprecedented public response