European Parliament paper lays out risks, challenges and recommendations for digital euro project

Logo with euro symbol and map of EU for European Parliament paper on risks, challenges and recommendations for digital euro

The European Central Bank (ECB) should continue to develop the digital euro and start its proposed testing phase in October this year, but should not go ahead with launching the proposed central bank digital currency (CBDC) “unless new elements emerge strongly supporting such a decision”, according to an analysis paper requested by the European Parliament’s Committee on Economic and Monetary Affairs (ECON)... More