European Parliament committee approves digital euro trilogue negotiations
The European Parliament's Economic and Monetary Affairs Committee has approved trilogue negotiations for the digital euro project, involving the Council, Parliament, and European Commission to define its final contours.
The European Parliament's Economic and Monetary Affairs Committee gave its approval on June 23 for trilogue negotiations concerning the digital euro project. These discussions will involve negotiators from the Council, the Parliament, and the European Commission, aiming to establish the definitive framework for the proposed digital currency. The European Central Bank (ECB) has been developing the digital euro for seven years, with a pilot phase anticipated before its potential issuance, projected for 2029 at the earliest. The ongoing negotiations are crucial for finalizing the project's details.
Sources: Le Monde — International