Digital Euro: A (Digital) Symbol of Progress and Integration in Europe

Camelia Ignătescu () and Raluca Onufreiciuc ()
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Camelia Ignătescu: Associate Professor PhD, Faculty of Law and Administrative Sciences, Stefan cel Mare University of Suceava, Romania
Raluca Onufreiciuc: Ph.D. candidate at the University of Bucharest and the University of A Coruna, Bucharest/A Coruna, Romania/Spain, teaching assistant Faculty of Law and Administrative Sciences, Ștefan cel Mare University of Suceava

Logos Universalitate Mentalitate Educatie Noutate - Sectiunea Drept/ Logos Universality Mentality Education Novelty - Section: Law, 2021, vol. 9, issue 1, 74-82

Abstract: The emergence of crypto assets such as Bitcoin and Ether exposed a number of advantages that these digital assets based on distributed ledger technology (DLTs) can offer. As cash is becoming less and less popular in the eurozone, the European Central Bank (ECB) is currently looking at the scenario of creating a digital euro as a kind of central bank money that may be used by the general public. DLT may be used to tokenize central bank money via digital currencies (CBDCs) issued by central banks, as well as to digitally represent bank deposits. The purpose of this article is to analyse what are the solutions for the future digitization of the monetary and financial systems and if current CBDC projects and prototypes, including those by the Chinese and Swedish central banks and the attempts of the ECB, have the chance to succeed with or without DLT.

Keywords: digital euro; European Central Bank; digital currency; DLT; financial security; CBCD (search for similar items in EconPapers)
JEL-codes: A23 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:lum:rev13d:v:ix:y:2021:i:1:p:74-82

DOI: 10.18662/lumenlaw/9.1/58

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