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EU to launch controversial digital euro

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The Caspian Times is a platform that showcases stories and perspectives from across Eurasia. We aim to inform, inspire and empower our readers with high-quality journalism that covers the diverse and dynamic region.

The EU will take the next crucial step on Wednesday towards launching a digital version of the euro, a controversial project that has come under attack from the public, politicians and banks before it has even been officially proposed.
The European Commission, the EU’s executive arm, will present a legislative framework that would enable the introduction of a digital euro, a central bank digital currency (CBDC) that would complement cash and offer an alternative to private cryptocurrencies and payment services.

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