European Commission to Launch Digital Euro Consultations in March, Propose Bill Early Next Year

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The executive arm of the EU is gearing up to start public consultations on the digital euro project next month. The European Commission will also prepare new legislation to establish the legal basis for the digital version of the common European fiat. A draft is expected in 2023.
EU Finance Chief Announces Legislative Plan for Digital Euro
The European Commission (EC) is planning to put forward a bill tailored to lay down the legal foundation for a digital euro currency, Politico reported this week. The legislation will support the European Central Bank (ECB) in its efforts to work out the technical side of the project which entered its investigation phase in October 2021.
The executive body in Brussels aims to introduce the draft law early next year but before that, it wants to launch a public consultation on the matter. The ECB already did that in 2020 when it found that Europeans were deeply concerned about their financial privacy. The EC intends to focus on practical questions such

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