Therefore, a digital euro would have to offer the highest privacy and data security standards possible, while still complying with the necessary regulation regarding anti-money-laundering and the financing of terrorism. In addition, the supportive announcement made by the European Council of Finance Ministers on 25 February 2022 has once again highlighted how much a digital euro is also seen as a political project.
Meanwhile, the European Commission just recently carried out a targeted consultation,9 based on which a legislative proposal is to be submitted by the beginning of 2023. So what is next for the Eurosystem digital euro project? We will proceed investigating in order to be able to take a decision on a realisation phase at the end of 2023.