BRUSSELS, 15 July 2021 – ESBG welcomes the decision
of the Governing Council of the European Central Bank (ECB) to launch the
investigation phase of the digital euro project as announced
by the Eurosystem. The investigation
phase will last 24 months and will aim at addressing key issues concerning
design and distribution.
“ESBG and its members welcome the Eurosystem’s
announcement and look forward to the coming interaction with the ECB”, said Sofia
Lindh Possne, Chair of the ESBG Task Force on Central Bank Digital Currencies
and Swedbank’s Senior Advisor Group Regulatory Affairs.
ESBG supports the ECB’s aim to ensure that in the
digital age citizens and firms continue to have access to the safest form of
money, central bank money. ESBG and its Members also support the efforts
towards an environmentally friendly design of the core infrastructure of a future
ESBG especially welcomes the involvement of different
stakeholders via the creation of the Market Advisory Group. ESBG stands ready
to engage with the Eurosystem and the other European Institutions during this
investigation phase. In anticipation thereof, ESBG already drafted and issued a
high-level position paper on the key challenges that the digital euro will face.
The paper, published here, also suggests four possible use cases that could
especially benefit from the issuance of a digital euro.
hopes this is a good starting base for a fruitful dialogue in the months to
come and is looking forward to a further engagement on this important file with
Notes to the editor
ESBG’s high-level position paper on a digital euro: full
document & summary.
It analyses five challenges for the issuance of a digital euro and presents four
possible use cases that could especially benefit from the issuance of a digital euro.