Digital euro proposal from European Commission seeks universal approval

The European Commission unveiled its proposed legislative plan for a digital euro on June 28, aiming to establish it as a widely accepted and easily accessible payment method. The announcement emphasized the importance of ensuring convenient access to digital euros through banks, allowing individuals to acquire them upon request and avoiding the exclusion of citizens.



In addition, the European Commission proposed a separate measure that would require banks, insurers, and funds to share customer data with fintech firms in exchange for compensation. This proposal aims to foster the advancement of digital finance by facilitating the sharing of customer information.



The legislative plan also includes provisions for free essential digital euro services, robust privacy protection measures, and the facilitation of offline payments.


First found on: https://coinatory.com/2023/06/29/digital-euro-proposal-european-commission/?utm_source=BG&utm_medium=Blogger+Some+Crypto+Blog&utm_campaign=SNAP