The paper examines the proposed regulations for the digital euro, focusing on its legal tender status and the role of payment services providers in its distribution. It analyses the implications of treating the digital euro as legal tender and explores how the involvement of payment services providers could impact individual and economic rights.
Key topics covered in the paper include:
- The legal framework for establishing the digital euro
- Comparison with physical euro cash
- The role of payment services providers in distributing the digital euro
- Fraud detection and prevention mechanisms
- Implications for EU financial integration
This research contributes valuable insights to the ongoing discussion about the development and regulation of central bank digital currencies in the European Union.
The full paper can be accessed on SSRN here.