However, to be a position to act not just after the fact but also pre-emptively, European legislators have now developed the Digital Markets Act. [4] Its aim is to clamp down on gatekeepers, enable more competition again and safeguard data protection and consumer protection. This has thus sent out an important signal internationally, too.
The second reason why a digital euro might make sense is that people are paying less often with cash. This trend has also been observed in Germany for some time now, as confirmed by the Bundesbank’s latest study on payment behaviour in July 2022.