EU plans to submit a bill for the central bank digital currency 'Digital Euro' in early 2023
The EU's financial officer has revealed that it plans to submit a bill in early 2023 to introduce its own statutory digital currency 'Digital Euro' issued by the European Central Bank (ECB).
Digital euro bill due early 2023 – POLITICO
European Union to Consider Digital Euro Legislation by Next Year: Report --Decrypt
https://decrypt.co/92667/european-union-digital-euro-legislation-2023
At the EU Financial Conference on February 8, 2022, Chief Financial Officer Myred McGuinness, who is in charge of the EU's Financial Stability, Financial Services and Capital Markets Union, said about the Digital Euro: 'Our goal is 2023. Submit the bill at the beginning. '
The Digital Euro is the EU version of the Central Bank Digital Currency issued by the ECB. The ECB announced in July 2021 that it would begin a full-scale research phase towards the introduction of the digital euro, saying it would take two years to test the digital euro. The ECB has formed a task force with members of the European Parliament and experts, including Fabio Panetta, who said , 'Our goal is to prepare for the start of digital euro development in the next two years.' There was a tendency to get serious about the introduction.
European Central Bank begins preparations for the introduction of its own digital currency 'Digital Euro'-GIGAZINE
'Although there was political backlash in the introduction of digital currencies, the rapid progress of cryptocurrencies around the world has prompted policy makers to take action,' said Politico, a European media outlet that reported the matter. It is written.
In March 2022, a public consultation will be held by EU government agencies to discuss privacy issues that citizens are concerned about and how to use the digital euro, such as payment methods. 'If we follow the EU legislative process, the digital euro could be ready by 2025 at the earliest,' Politico wrote.
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