Digital euro Definition.
The ECB’s retail central bank digital currency (CBDC) project: a digital equivalent of banknotes, free for individuals, usable online and offline with a high level of privacy. The preparation phase, which began in November 2023, ended in October 2025, when the Eurosystem moved to the next phase; the EU legislative framework is still under discussion, and issuance is not envisaged before the end of the decade. Banks fear deposit outflows, which a holding limit is designed to cap.
See also
Where this term appears
GuidePayment regulationGuidePayments in GermanyGuidePayments in Central and Eastern EuropeGuidePayments in Russia and the CISGuidePayments in SwedenGuideCentral bank digital currenciesGuideWero and instant credit transfersGuideStablecoins and machine-to-machine settlementGuideStablecoins and crypto paymentsCoursePayment fundamentalsCoursePayment regulation: from PSD1 to the PSD3/PSR packageCourseThe history of money and payments