US EditionEuropean Parliament Backs Online and Offline Digital Euro
13 Articles
13 Articles
The European Parliament has adopted two texts in support of the digital version of the single currency, but its creation is not yet guaranteed.
European Parliament Backs Digital Currency Proposal
European Union lawmakers on Tuesday, February 10th expressed support for the introduction of a digital euro. They approved two amendments to an annual report on the European Central Bank (ECB), signaling backing for the digital currency initiative. The digital euro would serve as an electronic version of the euro for the 21-nation currency area, usable free of charge in shops, online, or in person-to-person transactions. One of the approved amen…
Members of the European Parliament today gave their support in principle to the digital euro, the electronic version of the single currency that the European Central Bank (ECB) wants to implement by the end of the decade, which should strengthen Europe's sovereignty over payment methods, French media reported.
The European Parliament has taken a decisive step this week in supporting the digital euro project, the electronic form of the euro backed by the ECB, which is proposed as a complement to existing cash and digital payments.This parliamentary approval was necessary to enable the initiative to move forward: without the approval of MEPs, the ECB cannot complete the issue or meet its launch target by 2029, and the EU will continue to rely on externa…
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