EU financial chief: Don’t rush digital euro before new Commission in June 2024 By Cointelegraph
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The European Commissioner for Financial Stability, Financial Services and the Capital Markets Union, Mairead McGuinness, believes there’s no reason to rush the digital euro until after the next European Parliament elections in June 2024. In her opinion, the European Union’s central bank digital currency (CBDC) project should be approached “quietly and slowly” by the next European Commission, which will be approved by the incoming parliament.
McGuinness mentioned the digital euro during her speech at Brussels-based think tank Bruegel on Sept. 6. She highlighted that the European Central Bank (ECB) would decide the project’s fate in October. However, the official added there’s a necessity to explore this option:
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The European Commissioner for Financial Stability, Financial Services and the Capital Markets Union, Mairead McGuinness, believes there’s no reason to rush the digital euro until after the next European Parliament elections in June 2024. In her opinion, the European Union’s central bank digital currency (CBDC) project should be approached “quietly and slowly” by the next European Commission, which will be approved by the incoming parliament.
McGuinness mentioned the digital euro during her speech at Brussels-based think tank Bruegel on Sept. 6. She highlighted that the European Central Bank (ECB) would decide the project’s fate in October. However, the official added there’s a necessity to explore this option:
Continue Reading on Coin Telegraph
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