Transcription of Report on a digital euro - European Central Bank
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Report on a digital euro - European Central Bank
Report on a digital euro October 2020. Contents Foreword 2. Executive summary 3. 1 Introduction 6. 2 Reasons to issue a digital euro possible scenarios and implied requirements 9. Scenarios related to core Central bank functions 9. Scenarios related to the broader objectives of the EU 14. 3 Potential effects of a digital euro and implied requirements 16. 4 Legal considerations regarding a digital euro 24. 5 digital euro functional design possibilities 26. Key dimensions of functional specifications 26. Possible coexistence of types of digital euro 34. 6 Technical and organisational approaches to digital euro services 36. Back-end infrastructure 36. End-user access solutions 41. Interfacing between digital euro users and the Central bank infrastructure 43. 7 Follow-up work 45.
institutions and society at large to assess the need, feasibility and actual business cases for a digital euro, without pre-empting a decision on issuance. Report on a digital euro 6 1 Introduction The Eurosystem provides safe money and …
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