The European Parliament is set to vote on a report reviewing the annual activities of the European Central Bank (ECB) on Tuesday. The report includes a section expressing support for the development of a digital euro.
This vote will serve as an indication of the Parliament’s stance on the digital currency initiative proposed by the ECB, which aims to complement cash and improve the efficiency of payments within the eurozone.
**Why this matters**
A digital euro could transform the way transactions are conducted across Europe by providing a secure and accessible digital form of central bank money. The European Parliament’s position may influence the pace and direction of the ECB’s digital currency project, impacting financial innovation and monetary policy in the region.
Source: NewsData