Techub News reports that, according to Bloomberg, the European Parliament approved an amendment on Tuesday supporting the issuance of a digital euro with both online and offline functionalities. This stance diverges from the position of the project's main legislative rapporteur, who previously only supported the offline version. The Parliament statement emphasized that the digital euro is crucial for "strengthening the EU's monetary sovereignty, reducing fragmentation in retail payments, and maintaining the integrity and resilience of the single market." If the digital payment process is fully led by private and non-EU entities, it could pose new exclusion risks for users and merchants. According to the legislative process, the Committee on Economic and Monetary Affairs will vote on the proposal in early May. If the EU Council and the European Parliament reach an agreement next year, the European Central Bank may initiate a pilot in 2027 and officially launch the digital euro in 2029.
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Techub News reports that, according to Bloomberg, the European Parliament approved an amendment on Tuesday supporting the issuance of a digital euro with both online and offline functionalities. This stance diverges from the position of the project's main legislative rapporteur, who previously only supported the offline version. The Parliament statement emphasized that the digital euro is crucial for "strengthening the EU's monetary sovereignty, reducing fragmentation in retail payments, and maintaining the integrity and resilience of the single market." If the digital payment process is fully led by private and non-EU entities, it could pose new exclusion risks for users and merchants. According to the legislative process, the Committee on Economic and Monetary Affairs will vote on the proposal in early May. If the EU Council and the European Parliament reach an agreement next year, the European Central Bank may initiate a pilot in 2027 and officially launch the digital euro in 2029.