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By Vincent WELLENS and Garance DIACONO, NautaDutilh Avocats Luxembourg S.à r.l.*
Since 2020(1), the European Central Bank (ECB) has been working alongside national central banks, together the Eurosystem, towards the issuance of a digital euro with legal tender status. This initiative shows the growing interest of traditional financial authorities for decentralised finance. Indeed, the future digital euro would be issued and distributed in a decentralised manner by financial intermediaries, i.e., Payment Service Providers (PSP) rather than by the Eurosystem.
In their Joint Opinion 02/2023, the European Data Protection Bord (EDPB) and the European Data Protection Supervisor (EDPS) have recognised the importance of the digital euro while...
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