The ECB Digital Euro Regulation is the legal and regulatory framework governing a potential central bank digital currency issued by the European Central Bank for the euro area. It defines the digital euro’s legal-tender status, privacy safeguards, holding limits, and the roles of the Eurosystem and intermediaries in distribution. It establishes the rules under which a retail CBDC would operate alongside cash and commercial bank money.
Content
- The regulation assigns the Eurosystem responsibility for issuance while supervised intermediaries handle distribution and user-facing services. It addresses offline use, data-protection safeguards, and limits to preserve financial stability and bank disintermediation concerns.