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Here is what it says with regard to the limit of holdings:

"Digital euro holdings of individuals would not be remunerated and would be subject to holding limits, as provided for in the Commission’s legislative proposal.[18] These holding limits are intended not to prevent the digital euro from being a store of value altogether but rather to moderate its use in this capacity, and thus preserve the role of banks in ensuring the efficient provision of credit to the real economy.[19] In any case, users would have the option to link their digital euro wallet with a commercial bank account, allowing them to make payments through their digital euro wallet without needing to pre-load it with funds. This setup would enable large payments to be made with digital euro, irrespective of the digital wallet’s current balance.[20] In addition, this functionality would permit the receipt of payments exceeding the set holding limit."

Sats paa BTC 1y ago

And further:

"The setting (i.e. “calibration”) of the holding limit will entail striking a balance between an optimal user experience and the need to maintain price stability and financial stability. Although the holding limit for the digital euro would be set closer to its possible launch date (to ensure it reflects the economic conditions at that time), the ECB has started work on a calibration methodology, which entails a comprehensive monetary and economic assessment aimed at balancing the objectives set out in the draft legislation: to make the digital euro a widely used means of payment and to protect financial stability and the transmission of monetary policy. A dedicated workstream involving ECB experts, with support from the national central banks and national competent authorities, has begun identifying the key factors influencing calibration and defining a coherent methodology that takes these factors into account. The assessment will include an analysis of the possible impact of the digitalisation of payments on the demand for banknotes, since banknotes and digital euro would have indistinguishable effects on bank liquidity. The ECB has also launched a data collection exercise with major banks to obtain the granular data required to perform the assessment."

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Discussion

Sats paa BTC 1y ago

This paragraph on environment requirements could be a side blow against bitcoin:

"The overall approach includes optimising the entire value chain by avoiding energy-consuming protocols and re-using components whenever possible, as well as adhering to best practices in environmental performance and transparency."

Sats paa BTC 1y ago

Whatever basic means...

"As a public good, a digital euro would be free of charge for basic use."

Sats paa BTC 1y ago

This is an aspect as well:

- Lack of competition among payment-service-providers

"The lack of competition is particularly pronounced for card payments, which now account for the majority of retail payment transactions in terms of value. According to the most recent data, international card schemes account for close to two-thirds (64%) of all electronically initiated transactions made with cards issued in the euro area and 13 out of the 20 euro area countries rely on them entirely due to the absence of a national card scheme. The share of international card schemes is likely to grow further, as even the largest domestic card schemes are losing market share."