Today we present a new extract from our Payments Sector Watch. We decipher for you various publications concerning the evolution of the €uro.
Today we present a new extract from our Payments Sector Watch. We decipher for you various publications concerning the evolution of the €uro.
A proposed European regulation aims to make euro bills and coins legal tender, with the obligation to accept cash at face value, and to regulate the possibilities for refusing cash (for example, if the amount of the bill presented is disproportionate to the amount to be paid).
It also requires Member States to guarantee the availability of access to cash throughout their territory, and to report on this to the European Commission and the European Central Bank.
Finally, it provides for the possibility of Member States applying sanctions in the event of infringement of the regulation.
Two other draft regulations deal with the conditions for implementing the digital euro in the event of a decision by the European Central Bank to launch it.
The World Economic Forum has published a set of key interoperability principles (governance, regulatory, functional, technical, etc.) to be taken into account right from the design phase of Central Bank Digital Currencies (CBDCs), to ensure that cross-border payment objectives are properly taken into account.
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