The European Commission has outlined its legislative plans for a digital Euro with guarantees for free cross-zone digital payments and privacy and financial stability protections. However, stakeholders are expressing uncertainties regarding the CBDC’s benefits. According to the commission, the digital Euro could enhance the safety of the European payment system and stimulate market innovation and competition. Commercial banks, on the other hand, view it as competition, seeking limitations on holdings and transactions. The Central Bank’s decision on issuing the currency is due this autumn.