EU Commission to present legislative proposal for digitaleuro, ECB president unveils.
The European Commission is going to present a legislative proposal for a digital euro in the near future, President of European Central Bank Christine Lagarde has indicated. EU legislators are expected to define the new currency’s legal tender status and determine its privacy features.
I’m therefore very much looking forward to the legislative proposal for establishing a digital euro which the European Commission will propose shortly. “We should at least provide a level of privacy equal to that of current electronic payment solutions,” Christine Lagarde emphasized while excluding full anonymity, such as offered by cash, citing anti-money laundering rules and the need to limit the use of the digital euro for investment. However, she did not rule out greater privacy for low-value, low-risk, and offline payments.
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