The EU has been taking continuous measures in the field of digital euros recently. Recently, the European Central Bank held a meeting to study distributed ledger technology for interbank settlement and explore conducting a digital euro experiment. Not long ago, the European Commission also announced a legislative proposal for the digital euro, which plans to pass legislation granting the digital euro legal tender status. Many foreign media analysts indicate that this indicates that the footsteps of the digital euro are getting closer. According to Reuters, the legislative proposal recently released by the European Commission includes two aspects: firstly, to maintain the role and status of the cash euro and ensure that Eurozone citizens and businesses continue to use euro notes and coins for payment; The second is to establish a legislative framework to authorize the European Central Bank to issue digital euros in the future. The European Central Bank welcomes this and looks forward to continuing cooperation with other EU organizations to develop the digital euro. The European Union has been continuously laying out the digital euro for many years. At the end of 2019, the European Central Bank announced the establishment of a digital currency working group to initiate a feasibility study on the digital euro. In October 2020, the European Central Bank released its first report on the digital euro, explaining the definition and technical solutions of the digital euro. In October 2020, the European Central Bank launched a public consultation on the digital euro, listened to public opinions, and evaluated the demand for the digital euro. In July 2021, the Council of the European Central Bank approved the pilot project for the development of digital euros. From July 2022 to February this year, the European Central Bank conducted prototype testing of the digital euro to simulate its usage. The Independent reported that the European Central Bank is expected to announce its latest plan for the digital euro in October of this year. Following the trend, Liu Mingli, a researcher at the China Institute of Modern International Relations, stated in an interview with this newspaper that the EU actively promotes the digital euro, which conforms to the objective needs of economic development and public life within the EU. "Since the COVID-19, online business and consumption scenarios have increased, making non cash payment a global trend. The introduction of digital payment means by the European Union is expected to facilitate business activities and public consumption, and address the challenges of digital transformation." Liu Mingli said. The launch of the digital euro by the European Union also conforms to the trend of the rise of global digital currencies. According to a research report by the Atlantic Council of the United States, approximately 130 countries worldwide are currently considering launching digital currencies, with half of them in the development, pilot or implementation stages of digital currencies. In response, the Vice Chairman of the European Commission, Dombrowski, recently stated that "the EU cannot fall behind. Currently, many countries around the world are considering issuing fiat digital currencies. The rise of cryptocurrencies has also brought competitive pressure to fiat currencies. The EU is accelerating the promotion of the digital euro, aiming to seize the leading position in the global electronic payment field and take the initiative in the digital currency field, The legislative proposal for the digital euro recently released by the European Commission aims to pave the way for the digital euro, give it legal tender status, and facilitate its future entry into the circulation field. The outlook is promising. According to the Financial Times, the European Central Bank has stated that in order for the digital euro to truly enter reality, it is necessary to do a good job in data privacy protection and other aspects. To this end, the European Central Bank has conducted relevant mechanism design and testing.