The finance ministers of the European Union (EU) member states made statements about the digital euro after a meeting in Brussels.
The increasing popularity of blockchain technology has led to the opening of new doors. One of these doors was that countries wanted to switch to digital currency. The active use of cryptocurrencies suggested that traditional fiat currencies need to be updated. In this context, the EU spends a lot of time on the digital euro. Finally, EU finance ministers began meeting regularly to discuss the dimensions of the digital currency.
EU Finance Ministers Continue Digital Euro Meetings
The Eurogroup, formed by the finance ministers of the member states of the European Union, continues its digital euro meetings.
The Eurogroup reported that it meets regularly to examine the political and social dimensions of the potential digital currency at the table. Ministers take a detailed look at the European Central Bank’s (ECB) progress on the digital euro. The statement shared by the ministers stated the following;
“The Eurogroup considers the introduction of a digital euro, as well as its main features and design options, to be political decisions that need to be discussed and taken at the political level.”
The ministerial group focused on the environmental impacts of the digital currency, the area of privacy, the state of financial stability and related issues.
The members of the group also underlined their readiness to contribute to the current discussions.
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