European Parliament committee adopts position on digital euro for sovereignty, privacy, and financial stability
Summary
The European Parliament's Economic and Monetary Affairs Committee adopted its position on the digital euro, a new electronic form of money issued by the European Central Bank (ECB). The digital euro would work both online (via account-based system) and offline (via local storage devices, similar to physical cash). The committee's position emphasizes sovereignty, privacy, and financial stability, aiming to reduce reliance on non-EU payment providers while offering citizens and businesses a private, secure, and innovative payment method.
Source
bskyEuropean Parliament committee adopts position on digital euro for sovereignty, privacy, and financial stabilityeuroparl.europa.euKey quotes
· 3 pulledThe digital euro would be a new, electronic form of money issued by the European Central Bank (ECB) and would work online and offline.
Online payments would be processed through an account-based system, while offline payments would work directly via local storage devices.
The digital euro would offer citizens and businesses a private, secure and innovative way to pay, while reducing reliance on non-EU providers.
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