The European Parliament has postponed the publication of the final version of the bill on the digital currency of the European Union.
According to CoinDesk journalists, the European Commission is considering options to increase the availability of the digital euro to the general public, for example, as an option for retail payments.
“In the euro area, the creation of a retail CBDC is necessary to supplement cash and adapt official forms of currency to technological developments,” the explanatory note to the draft new law said.
Citing sources close to the European Parliament, CoinDesk journalists report that the agreement on the final version of the proposals caused disagreement among the members of the commission on privacy and technical implementation of the issuance of the central bank digital currency (CBDC).
Eurozone finance ministers failed to reach a consensus on the question of what would be considered the added value of the digital euro eco-environment from the point of view of the economies of individual countries and the daily lives of citizens.
The European Parliament decided to send proposals for revision and temporarily postpone the publication of the legislative initiatives announced on June 28 that define the use cases and rules for regulating the digital euro.
The European Commission did not name a new date and reasons for the postponement of the publication of legislative initiatives.
A few months ago, pranksters played a trick on European Central Bank (ECB) President Christine Lagarde by telling them that with the digital euro, governments could easily control payments made by users.