More than 11 000 people participated in the public discussion on the release of the digital euro

Most of the respondents do not agree with the concept of CBDC as a new payment system

20.04.2022 - 13:20

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What’s new? The European Central Bank (ECB) has launched a public survey to find out the opinions of citizens of European countries regarding the digital euro project. More than 11 000 people have already voted on the European Commission’s official website, the poll will be open until June 14.

Information on the European Commission’s website

What is the opinion of the majority? Most of the respondents do not agree with the concept of the digital euro as a new payment system, while many stated they prefer a more private payment method, cash.

“A digital euro is a further step towards total surveillance and control of all citizens by the state and the banks. The latter already have too much information about people’s private lives,” stated an anonymous survey participant.

What had happened before? In December 2021, Fabio Panetta, an executive board member of the ECB, stated the issuance of a CBDC. But Panetta expressed concern that the digital euro could displace weaker currencies in other countries.

In February, European Commissioner for Financial Services Mairead McGuinness reported that the European Commission will introduce a bill on a central bank digital currency in early 2023.

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