Digital euro’s legal framework: The legal framework concerning legal tender, privacy and inclusion

Annelieke Mooij

Digital euro’s legal framework: The legal framework concerning legal tender, privacy and inclusion

Annelieke Mooij

Public Law & Governance

Research output: Book/Report › Report

Abstract

This report considers that the digital euro can be introduced under the ECB's primary mandate as legal tender and be remunerated.
However, in order to lawfully create the proposed digital euro app, the ECB would require a mandate from the EU legislator under its secondary mandate which has to comply with article 119 TFEU, fundamental rights and data protection regulation. The supervision should be through the European Data Protection
Supervisor. Finally, the digital euro should not exclude those lacking digital skills and minimum standards should be introduced regarding the availability of cash.
This document was provided by the Economic Governance and EMU Scrutiny Unit at the request of the ECON Committee.

Original language	English
Publisher	European Parliament
Commissioning body	European Parliament's Committee on Economic and Monetary Affairs
Number of pages	36
Publication status	Published - 23 May 2023

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 10 Reduced Inequalities

Keywords

Digital Euro
privacy
European central bank
ecb
social inclusion
legal tender
secondary mandate
payment platform
app
legal framework

Access to Document

https://www.europarl.europa.eu/RegData/etudes/IDAN/2023/747840/IPOL_IDA(2023)747840_EN.pdf

Global Law & Governance
Adams, M. (Researcher), Arnoldussen, T. (Researcher), Augenstein, D. (Researcher), Bastmeijer, K. (Researcher), Bijlmakers, S. (Researcher), Boot, E. (Researcher), Bot, M. (Researcher), De ruysscher, D. (Researcher), Fleurke, F. (Researcher), Goodwin, M. (Researcher), Goossens, J. (Researcher), Groenleer, M. (Researcher), Grover, L. (Researcher), Hendriks, F. (Researcher), Jägers, N. (Researcher), Karsten, N. (Researcher), Leenknegt, G.-J. (Researcher), Lesaffer, R. (Researcher), Lindahl, H. (Researcher), Maleki, A. (Researcher), Paiement, P. (Researcher), Partiti, E. (Researcher), Rajkovic, N. (Researcher), Raucea, C. (Researcher), Rombouts, B. (Researcher), Somsen, H. (Researcher), Trouwborst, A. (Researcher), Tzankova, I. (Researcher), Verschuuren, J. (Researcher), Wilthagen, T. (Researcher), Wolf, E. (Researcher), Wolswinkel, J. (Researcher), Zouridis, S. (Researcher), van Hulst, M. (Principal Investigator), van Waas, L. (Researcher), van der Schyff, G. (Researcher), Hirsch Ballin, E. (Researcher), Meuwese, A. (Researcher), Van Hulle, I. (Researcher), Stapper, M. (Researcher), Clements, R. (Researcher), Kari, V. (Researcher), Sipiorski, E. (Researcher), Mooij, A. (Researcher), den Hollander, M. (Researcher), Oosterom-Staples, H. (Researcher), van Bockel, B. (Researcher), Cavalcanti, M. (Researcher), Delgado, L. (Researcher), Geuens, M. (Researcher), Koenraad, R. (Researcher), Leach, M. (Researcher), Leijten, I. (Researcher), Leloup, M. (Researcher), Lukkari, H. (Researcher), Muslu, Z. (Researcher), Palombo, D. (Researcher), Bazzan, G. (Researcher), Frins, R. (Researcher), Gkliati, M. (Researcher), Kempeneer, S. (Researcher), Ranchordás, S. (Researcher), Timmermans, N. (Researcher), Huisman, P. (Researcher), Kaufmann, R. (Researcher), van Ostaaijen, J. (Researcher) & in 't Veld, M. (Researcher)
1/01/19 → 31/12/23
Project: Research project

Cite this

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abstract = "This report considers that the digital euro can be introduced under the ECB's primary mandate as legal tender and be remunerated. However, in order to lawfully create the proposed digital euro app, the ECB would require a mandate from the EU legislator under its secondary mandate which has to comply with article 119 TFEU, fundamental rights and data protection regulation. The supervision should be through the European Data Protection Supervisor. Finally, the digital euro should not exclude those lacking digital skills and minimum standards should be introduced regarding the availability of cash. This document was provided by the Economic Governance and EMU Scrutiny Unit at the request of the ECON Committee.",

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KW - social inclusion

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Digital euro’s legal framework: The legal framework concerning legal tender, privacy and inclusion

Abstract

UN SDGs

Keywords

Access to Document

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Projects

Global Law & Governance

Cite this