Digital euro proposal from European Commission seeks universal approval
On June 28, the European Commission unveiled its proposed legislative plan for a digital euro, with the intention of establishing it as a widely embraced and readily available payment method. The announcement emphasized the importance of enabling individuals to acquire digital euros through their banks upon request, ensuring convenient access and safeguarding against the risk of exclusion for citizens. Share customer data The European Commission published its legislative plans to underpin a digital, saying it would ensure Europeans can pay digitally for free across the currency zone. As part of a distinct proposal , the commission has put forward a suggestion wherein banks, insurers, and funds would be required to share customer data with fintech firms in exchange for compensation in a bid to foster the advancement of digital finance. You might also like: FTX engages in talks to bring back international crypto exchange The proposal further encompasses key provisions su...