The digital euro is not intended as a substitute for existing products, Bundesbank Executive Board member Burkhard Balz underscored at a joint Bundesbank-Oesterreichische Nationalbank conference where experts and central bankers discussed the usefulness of the digital euro for everyday payments and the financial markets. They also addressed potential challenges associated with its introduction.

Anyone wishing to conduct one or more of the banking activities specified in the Banking Act on a commercial scale in Germany requires authorisation from the competent supervisory authority.