EDPB and EDPS issue a joint opinion on the proposal for a digital euro

18/10/2023 | EDPB

The European Data Protection Board (EDPB) and the European Data Protection Supervisor (EDPS) have issued a joint opinion on a proposal to create a digital euro as a central bank digital currency (CBDC). While EDPB and EDPS appreciate the privacy measures included in the proposed Regulation, they have suggested several recommendations to ensure the highest standards of personal data protection and privacy for the future digital euro. Among the recommendations, the EDPB and EDPS propose that only necessary personal data of digital euro users is processed, avoiding excessive centralisation of personal data by the European Central Bank (ECB) or national central banks, embedding data protection in the design phase, and that the responsibilities of all actors involved in the issuance of digital euro are clearly specified.

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