What we know so far is that, first of all, the digital euro will be regulated under banking regulations and backed by the institution, which differentiates it from cryptocurrencies, whose value depends on the credibility of the issuing entities and do not have official backing. Furthermore, while cryptocurrencies are generated through mining processes by users, the issuance of the digital euro would be controlled exclusively by the ECB. This regulation aims to offer users a level of security and stability that cryptocurrencies cannot guarantee, as in the event of problems with the latter, there is no entity that users can turn to. On the other hand, the digital euro is proposed as an electronic payment method that could be used by both individuals and businesses in the eurozone countries.
