EC proposes legal tender status for digital euro
Legislation envisages digital wallet available on- and offline, while safeguarding cash
The European Commission today (June 28) published a legislative proposal that would grant a future digital euro legal tender status.
The EC points out it only envisions a digital euro functioning alongside cash. Indeed, the proposal aims to safeguard the role of cash in the economy, ensuring it remains widely accepted as a means of payment and is accessible for people and businesses.
For the legislation to pass, the European Parliament and Council need to support the EC’s proposal. Once this
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