The European Union plans to make the digital euro the CBDC of the Eurozone. The digital euro will function as a synthetic version of the physical euro but as cryptocurrency on a blockchain. The digital euro will be issued by the ECB and have legal value. Most importantly, it will remove the need for banks to act as an intermediary, allowing for P2P transactions. Privacy is the biggest concern of the digital euro as the ECB will be able to track all use and spending.