New Non-Paper for Digital Euro
The Digital Euro will be the biggest transition in the European market in the next years, giving new boost in the economic system’s decentralization.
According to a non-paper that was signed from the five largest economies of Eurozone (France, Germany, Spain, Italy and the Netherlands), the new Euro should have three basic characteristics:
- Should be green, meaning that it should not increase its environmental footprint from its operation
- Should be private, meaning that it should not trespass personal data of holders
- Should be limited, meaning that a certain amount of Euros will be issued in the CBDC
All these will be taken under consideration from ECB and in the next years, we expect to see all of them in our daily life.