EPIF is delighted to share with you its position on the ongoing Digital Euro project. As an active stakeholder in the various workstreams of the Euro Retail Payments Board (ERPB), including the Rulebook Development Group, EPIF members are closely following the developments.

At a high-level, EPIF would  strongly discourage any rushed procedures in the Digital Euro project that could lead to a lock-in of specific design elements which would create unintended consequences for the European Single Market as a whole. We also strongly call for an inclusive approach to the design, which accounts for the participation of different payment service providers (PSPs).

Specifically on the design options, you can find more in our position paper about:

  • The holding limits & the limits to one-account per citizens;
  • Legal tender;
  • AML & privacy considerations;
  • Distribution, intermediaries & compensation.