EU council gives digital euro the provisional green light
ECB says it is ready for 2029 issuance once parliament and council have given their final approval
The Council of the European Union has agreed to take a positive stance on the European Central Bank’s plans to issue a digital euro.
In a press release today (December 19), the council said it “agreed its negotiating position on key proposals to strengthen the euro” through the introduction of a central bank digital currency and by “better clarifying the legal tender status of euro cash”.
The council is a co-legislative body of the European Union. Its presidency rotates every six months, and it is
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