EU monetary chief: Don’t rush digital euro earlier than new Fee in June 2024

The European Commissioner for Monetary Stability, Monetary Providers and the Capital Markets Union, Mairead McGuinness, believes there’s no purpose to hurry the digital euro till after the subsequent European Parliament elections in June 2024. In her opinion, the European Union’s central financial institution digital forex (CBDC) challenge needs to be approached “quietly and slowly” by the subsequent European Fee, which will probably be permitted by the incoming parliament.

McGuinness talked about the digital euro throughout her speech at Brussels-based suppose tank Bruegel on Sept. 6. She highlighted that the European Central Financial institution (ECB) would determine the challenge’s destiny in October. Nevertheless, the official added there’s a necessity to discover this selection:

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