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Posted on Jun 20, 2023Read on Mirror.xyz

European Commission to publish digital euro legislation on June 28

The European Commission will publish legislation on a digital euro on June 28, the EU's chief financial services official said on Tuesday. Commissioner Mairead McGuinness has confirmed she will move forward with a bill to support central bank digital currencies, covering topics such as privacy, distribution and offline transactions. "We look forward to two proposals next week on the digital euro and the legal status of cash," she said at an event in Brussels. Legislative proposals for a digital euro have been removed from the agenda following internal discussions earlier this week, two sources said. The ECB will decide later this year on whether to proceed with the project. The ECB has been studying the technical details of the project for several years.