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2023/0212(COD)ETrilogues (interinstitutional negotiations)

Establishment of the digital euro

In interinstitutional negotiations (trilogues). Parliament and Council are working toward a provisional agreement, which would still need formal adoption to become law.

Last active 30 Sept 2026

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What this bill does

In plain terms: what it changes and who it affects.

This proposal creates a digital euro for everyday payments, alongside cash, and sets rules on access, acceptance, privacy, fees, and distribution.

Who it affects

It affects people, businesses, public authorities, merchants, banks and payment providers in the euro area. It also affects visitors and, under conditions, users outside the euro area.

Core of the proposal
  • Gives the digital euro legal tender status, with limited exceptions to mandatory acceptance.
  • Requires basic digital euro services to be free for natural persons.
  • Allows online and offline payments, with higher privacy for offline transactions.
  • Lets the ECB set holding limits to reduce financial-stability risks.
Key provisions
Takes effect
The Regulation enters into force on the twentieth day following publication in the Official Journal of the European Union.

Latest update

01 Oct 2026

The most recent development in this bill's progress.

Trilogues (interinstitutional negotiations) → Trilogues (interinstitutional negotiations)

Trilogues (interinstitutional negotiations) → Trilogues (interinstitutional negotiations)

Documents

1 recent

SourcesOEILEUR-LexEU Law Tracker