The Council of the European Union endorsed the launch of the European Central Bank’s digital euro in both an online and a privacy-focused offline version.
The Council of the European Union has backed the European Central Bank’s (ECB) digital euro design, which includes both online and offline functions.
The council said on Friday that it agreed with the ECB on simultaneously launching online and offline variants of the central bank digital currency, breaking with earlier proposals that focused just on the privacy-heavy offline version.
The digital euro would be issued by the ECB and can be used at any time, even if a user isn’t connected to the internet.
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