EU council endorses both online and offline digital euro versions
The Council of the European Union has endorsed the launch of the European Central Bank’s digital euro in two forms: an online version and a privacy-focused offline version. This marks a significant milestone in developing a digital currency aimed at enhancing the euro’s role in the digital economy.
Source Сointelegraph
A Friday document detailed the council’s stance on the digital euro design, agreeing with the ECB’s plan to introduce both variants simultaneously. ECB President Christine Lagarde noted that the final decision now rests with the European Council and the European Parliament, which will review and potentially amend the European Commission’s legislative proposals.
The next steps involve thorough legislative processes that will define the legal framework and operational mechanisms for the digital euro, potentially reshaping financial markets and how the euro is used in the future.
