Following a two-year investigation, the ECB is starting to lay the foundations for the potential issuance of its CBDC, although a final decision on whether to launch the digital euro has still not been made.

As part of its work on the digital euro, the European Commission has proposed a definition and regulation for ‘legal tender’ of euro coins and banknotes, as seemingly this has never previously existed in official legislation.

The European Central Bank has published reports on its recent market research and prototyping activities, during which it was both told, and shown, that launching a digital euro CBDC to its currently proposed specification is inherently possible.

A report preceding the final stage of the ECB's investigation into a digital euro shows no signs of redeeming the idea that the project is failing those whom it intends to serve.

Spanish and Finnish regulators independently approved their national fintech companies to develop Euro backed stablecoins. The "digitalization" of fiat currencies is pushed concurrently by CBDC research and by stablecoins.

Although the European Central Bank is still undertaking its investigative stages concerning a potential Euro-Zone CBDC, it already seems to be tying itself in knots trying to limit potential disruption to the status quo as far as commercial banks are concerned.

The European Central Bank chose five entities, including US internet behemoth Amazon, to prototype the frontend of digital euro project. The work will not be remunerated.