The executive branch of the European Union is preparing to propose a plan for the introduction of a digital euro. Under this plan, the European Central Bank (ECB) will be tasked with establishing regulations governing the use of digital currency.
However, specific limits on transactions or holdings have not yet been put forward.
To ensure financial stability, the ECB will determine the necessary tools, aiming to allow digital euro transactions that do not pose risks to stability while applying regulations uniformly across the euro area. The draft proposal suggests the possibility of imposing limits on the use of the digital euro as a store of value in order to maintain financial stability, facilitate credit availability, and ensure the effectiveness of monetary policy transmission.
The project will be discussed by finance
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First found on: EU firms up plans for introduction of digital euro
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