EU committee advances digital euro bill after key vote

EU lawmakers backed rules for an offline and online digital euro, with privacy safeguards, holding limits and no interest payments.

The creation of an EU-issued digital euro moved a step closer Tuesday after a key European Parliament committee vote.

The EP's Economic and Monetary Affairs Committee (ECON) approved its position on the digital euro package with a 43–14 vote, according to an official announcement on Tuesday.

Fernando Navarrete Rojas, a member of the European Parliament (MEP), said the package “protects citizens’ freedom to choose how they pay,” adding that the digital euro would “complement cash, never replace it.”

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