The European Commission received around 10,000 public comments on the digital euro. Voting information is posted on the organization’s website.

The process started on April 5 and should end on June 14, 2022. Its purpose is to receive feedback on possible creation and editing. CBDC.

According to Finextra, consultations are also taking place during this period to help policymakers consider:

• user needs and expectations for the digital euro;
• The role of CBDC in retail payments and the EU’s digital economy;
• enforcement of anti-money laundering rules, privacy, data protection issues and international payments.

According to the working paper, consultations should complement the public. The Commission is particularly concerned with the position of industry experts, payment service and infrastructure providers, developers, merchants, consumer associations, regulators and auditors, and other experts.

An attempt to issue a digital euro appeared in November 2019. In October 2020, the European Central Bank (ECB) published a comprehensive report on this topic.

In the spring of 2021, the head of the regulator, Christine Lagarde, said the European Union could issue its own CBDC within four years if politicians approve the project.

In July, the ECB’s Governing Council decided to launch a CBDC working phase, and in October the regulator formed an advisory group on the potential development and deployment of a digital euro.

Recall that the European Commissioner for Financial Affairs, Mairead McGuinness, said that the European Union will consider a bill on CBDC in early 2023.