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    What is the digital euro and can you use it in Finland?

    Where the project stands and what it would mean.

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    Short answer

    Not yet. The Bank of Finland says the digital euro is still being prepared. If issued, it would be a digital version of the euro available to everyone in the euro area, and it would complement cash rather than replace it. The ECB moved the project to its preparation phase in October 2023. In July 2026 the Bank of Finland announced cooperation with a Finnish bank in the Eurosystem's digital euro pilot. The Ministry of Finance notes that it would not be a new currency or a crypto-asset.

    Practical: communication, money, services

    Why

    1. The Bank of Finland says the digital euro would not replace notes and coins.
    2. The Bank of Finland reported the start of pilot cooperation on 14 July 2026.
    3. The Ministry of Finance says the digital euro would not be linked to crypto-assets.

    Details

    The EU is also legislating to secure the status of euro cash as legal tender.

    Tip

    Be wary of anyone offering to sell you "digital euros" now. They are not yet available.

    What may differ

    The timetable depends on EU legislation and ECB decisions.

    Common misconception

    The digital euro will abolish cash.

    What actually happens

    It would be an extra payment option alongside notes and coins.

    People also ask

    • Is cash legal tender in Finland?
    • What are instant payments in Finland?
    • How common is contactless payment in Finland?

    Sources

    This answer is for reference only. Payment rules and fees change, so check the official sources or your bank before you pay.

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