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EU committee advances digital euro bill after key vote

The Cointelegraph ​

Cryptocoins News / The Cointelegraph ​ 45 Views

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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