DIGITAL EURO AND CRYPTO-CURRENCY

Nowadays digitization is becoming a topic which is entering in every aspect of human life. From the industry sector to our daily routine, digitization makes process more efficient, more reliable, and faster. Even in the financial sector this revolution has becoming evident. The rate of innovation has quickened in the last decade and citizens show an increasing preference for digital payment. For this reason, the European Central Bank has decided to settle a specific Taskforce with the scope to discuss Central Bank Digital Currency (CBDC) in the Euro Area and its possible implications. Scope of Thesis is to analyze the possible scenarios proposed by the ECB in which an emission of CBDC would be accurate and their related probabilities of occurrence. A second scope would be to identify eventual implications of the CBDC in our society and in the economic system, obtaining as result a possible list of requirements and specification that would shape the Digital Euro. Hence, analyze pros and cons of the models proposed by the ECB, identifying a possible comprehensive solution. During the work of Thesis, will be also discussed the difference between a CBDC and a crypto currency (as Bitcoin) in terms of specification and pricing.