EU moves one step closer to a digital euro as ECON approves the new legal framework draft

🏛️ The European Parliament’s Economic and Monetary Affairs Committee has approved its negotiating position on the digital euro, marking an important step for the project after years of debate between the ECB, lawmakers and the banking sector.
💶 The digital euro is being positioned as public money for the digital economy, with support for both online and offline payments. Basic services are expected to be free, while euro cash would continue to exist alongside it.
🌍 The key point is not only technology, but payment sovereignty. The EU wants to reduce reliance on non-European payment networks and build a digital payment infrastructure under stronger European control.
🏦 Still, the project remains cautiously designed. Holding limits and the absence of interest payments show that the EU does not want to create excessive pressure on commercial bank deposits.
🪙 For crypto and stablecoins, the impact may be more long-term than immediate. The digital euro could compete in everyday payments, but it is unlikely to replace stablecoins in DeFi and cross-border digital asset markets.
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