The European Data Protection Board (EDPB) and the European Data Protection Supervisor (EDPS) issued a Joint Opinion on the proposed Regulation on the digital euro as a central bank digital currency. The digital euro aims to provide individuals with the possibility to make payments electronically, both online and offline, as an additional means of payment alongside cash.
The EDPB and the EDPS acknowledge that the proposed Regulation addresses many data protection aspects of the digital euro, notably by addressing an offline modality to minimise the processing of personal data. In particular, the EDPB and the EDPS strongly welcome that digital euro users will always have the choice to pay in digital euros or in cash. At the same time, the EDPB and the EDPS make several recommendations to better ensure the highest standards of personal data protection and privacy for the future digital euro.