The EU_commission's plans to legislate for a digital euro, originally due to be released next week, have been put on hold. jackschickler reports.
European Union legislation needed to underpin a digital euro, originally due to be published June 28, has been put on hold, CoinDesk has been told.
The move follows the leaking of the draft bill, which covers privacy and technical issues for the central bank digital currency , and a statement by finance ministers that appeared to question the motivation for the plan last week. The timeline for the draft bill, intended to be published ahead of a firm European Central Bank decision on whether to issue the currency in a digital form, has shifted several times. It wasThe bill was most recently been scheduled for discussion and publication at a June 28 meeting of the European Commission’s decision-making body, according to a tentative
published last week. The commission did not provide a reason for the delay, nor did it give a new date for publication.
The legislative text seen by CoinDesk last week sought to bar banks paying interest on digital euros and
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