Digital euro: strict limit on private ownership planned

▤ Summary

The EU Parliament’s ECON committee has backed the legal framework for a digital euro, moving the project to its next formal stage. The proposal includes privacy-by-design, offline payments, and strict holding limits for consumers and businesses. It also requires broad distribution through banks, e-money institutions, and regulated crypto providers, while merchants would generally have to accept it. The plan aims to complement cash, not replace it, and the final rules still depend on negotiations with the EU Council.

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