On Tuesday, February 10th, the European Parliament moved the digital euro one step closer to reality, backing amendments that support a push by the European Central Bank (ECB) for a central bank digital currency intended to work both online and offline. This does not mean the new currency is in place yet, but it’s another unmistakeable signal that the project is gaining momentum after years of discussion.
The digital euro remains framed by EU institutions as a strategic and sovereignty project, designed to reduce reliance on non-European payments infrastructure and to ensure that central bank money remains usable in a digitised economy. However, in line with what we’re seeing around the world, any state-backed digital currency promises to expand financial visibility in ways cash cannot. ...<<<Read More>>>...
