To The Point: Technology & Digitalisation | June 2023

Welcome to the June edition of Schoenherr's to the point: technology & digitalisation newsletter!

We are excited to present a selection of legal developments in the area of technology & digitalisation in the wider CEE region.

Editorial | Maximilian Czernin

European Commission proposes digital euro

The European Commission has put forward two proposals as part of a "single currency package" to ensure that individuals and businesses can continue to access and pay with euro banknotes and coins throughout the euro area, and to establish a framework for a possible new digital form of the euro that the European Central Bank could issue in the future as a complement to cash.

The package includes a legislative proposal setting out the legal framework for a possible digital euro to complement euro banknotes and coins. It will ensure that people and businesses have another choice in addition to the current private options allowing them to pay digitally with a widely