EU firms up plans for introduction of digital euro
The European Union’s executive branch is set to propose a plan for a digital euro, mandating the ECB to establish usage regulations. The European Union’s executive branch is preparing to introduce a plan for a digital euro. This plan, which is still in the draft stage, calls for the European Central Bank (ECB) to regulate the use of digital currency. However, no specific limits for transactions or holdings have been proposed. To maintain financial stability, the ECB is required to decide on the necessary tools. These tools should not prevent digital euro transactions that do not risk stability and should be applied uniformly in the euro area. Register now and watch live from 11:45 CET: Supervisory Board Chair Andrea Enria appears at a fireside chat at European Financials Conference, organised by Goldman Sachs https://t.co/d9dekrBl3G — European Central Bank (@ecb) June 13, 2023 According to the draft proposal, there might be limits on the use of the digital e...