欧洲央行-数字欧元：现状 Digital euro current state of play Eurogroup

Digitaleuro:

currentstateofplay

Eurogroup

11April2024

PieroCipollone

MemberoftheExecutiveBoardoftheECB

www.ecb.europa.eu©

Preservingpeople’sfreedomtopaywithpublicmoney

Adigitalformofcash

Usableonalloccasions

Offeringnewfunctionalities

www.ecb.europa.eu©

Adigitalformofcash

Thesepaymentoptionswillcontinuetoexist:

Adigitaleurowouldbringcash-likefeaturestothedigitalworld

Pan-Europeanreach

Free

forbasicuse

Highlevelofprivacy

Alsoavailableoffline

Issuedbythe

centralbank

3www.ecb.europa.eu©

International

schemes(cardor

accountbased)

Nationalschemes

(cardoraccountbased)

Cash

Euroarea

Domestic

Euroarea

Euroarea

Domestic

Domestic

Person-to-personpayments

Point-of-Sale

payments

E-commerce

payments

*

*

Some

***

**

**

Some

***

**

**

Some

Digitaleuro

DomesticEuroarea

Foreveryone,onalloccasions

Availableforallpeopleandbusinessesandallretailpaymentscenariosintheeuroarea,whereverdigitalpaymentsareaccepted

*Onlyproximitytransactions,unlessmailingcash

**Whereaccepted

***Onlythroughco-brandingwithinternationalschemes

4www.ecb.europa.eu©

E-paymentsolutions

Cards

Cash

Online

Offline

Availableonlineandoffline

Anofflinefunctionalitywouldenabletransactionstobemadeinlocationswithlimitednetworkcoverage

Digitaleuro

5www.ecb.europa.eu©

Paymentsreceivedinstantly24/7,365daysayear

Direct,owingtothecapenvisagedindraftRegulation

Enhancedworkingcapitalefficiency

Legaltenderstatustoprotectmerchants'investments

Universalmeansofpayment

Lowerfees

Afast,low-costandpan-Europeanpaymentmethodformerchants

Fastersettlementtimes

Indirect,owingtohighercompetitionandgreaterchoice

6www.ecb.europa.eu©

Keepingintermediariesattheforefrontofclientrelationships

Adigitaleurowouldenableintermediariesto…

…reachusersacrosstheentireeuroarea

…receiveadequatecompensation

…offernewandinnovativesolutions

…getreadyforstrongercompetition

7www.ecb.europa.eu©

Ourmoneyinourhands:strengtheningEuropeanresilience

PreserveEurope’sstrategicautonomy

Reduceourdependenceonnon-Europeanpaymentserviceproviders

FosterinnovationandcompetitionintheEuropeanpaymentssector

8www.ecb.europa.eu©

Ongoingin-depthanalysis

Calibratedholdinglimits

Examineimplicationsfordifferenttypesofbanksandliquidityscenarios,

keepinginmindtrendsregardingbanknotesincirculation

Balancebetween

•righttoholdandpaywithdigitaleuro

•needtolimitbankdisintermediation

Engagewithabroadrangeof

stakeholders,includingbanksandconsumergroups

9

Ensuringahealthybalancebetweencentralbankmoneyand

commercialmoney

Sufficientsafeguardsinthedigitaleuro’sdesign

Holdinglimits

(Reverse)waterfallfunctionality

Noremunerationofdigitaleuroholdings

Shareinformationabouttheworkconductedtoensuretransparency

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Non-

digital

Digital

Protectingyourprivacyanddataprotectioninanincreasinglydigital

world

Privatemoney

Cheque

Bankaccount

Card

Otherdigital

payments

Publicmoney

Cash:keepinvestingininnovativeandsecurebanknotes

Digitaleuro:enhancingprivacyindigitalpayments

Offline

•almostlikecash

•personaltransactiondetailsonlyknowntothepayerandthepayee

Online

•state-of-the-arttechnology

•stronggovernance

•opennesstonewprivacy-enhancingtechnologies

10www.ecb.europa.eu©

ProtectingEurope’sstrategicautonomythroughEuropeanprocurement

Launchedselectionprocessforfindingpossibleprovidersatbeginningof2024

Nocommitmentyettoinitiateanydevelopment

Tostrengthenourautonomy,resilienceandsecurity,

onlyEUprovidersareeligible

11www.ecb.europa.eu©

Moneyistrust

Broadpoliticalsupportiscrucialbeforethe

Eurosystemcandecidewhethertoissueadigitaleuro.

ECBstandsreadytosupportthelegislativeprocesswithtechnicalinput.

Constantcollaborationwithallstakeholdersisattheproject’score.

12www.ecb.europa.eu©

Additionalsupportingmaterials:

•Updateddigitaleuro

FAQ

•Report

:Astocktakeonthedigitaleuro

•ECBOpinion

ontheEur