EU Ready For Digital Currency Legislation

The European Union Commission will soon come out with a legislation on adoption of digital currency

[{"selector":"#anim-fe1313d6-a895-4ccf-bb55-48252ada2473","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d938038c-cc23-4b51-bbf6-8f4060a066e6","keyframes":{"transform":["translate3d(98.58824%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Timely adoption of digital currency legislation would give legal assurance to all stakeholders to prepare for its possible introduction, the European Central Bank President Christine Lagarde said in a video statement.

[{"selector":"#anim-40910dbc-c2a4-4d3d-935a-b1a4b094f33e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bb076d3f-2bc7-4dcf-9a6e-712c19a35131","keyframes":{"transform":["translate3d(99.03847%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

According to her, the legislation will also send a strong signal of political support.

[{"selector":"#anim-ef14743f-98d1-463d-a0fc-de8988703f8b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7e3bf6ab-c5e7-47cb-8aa2-77006dc2f82a","keyframes":{"transform":["translate3d(98.59812%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-79a78600-06d0-4ea2-8a01-490ebf450f4d","keyframes":{"transform":["translate3d(120.74831%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c06f31d2-9998-402e-822d-b26453d96a6e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c27983ec-8c99-4104-8dcf-488e281c53e8","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

“I'm very much looking forward to the legislative proposal for establishing a digital Euro, which the Commission will propose shortly,” she added.

[{"selector":"#anim-e40f22b1-bfa1-41e5-91fc-3584b1e4d0f5","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3ff550c4-ac4a-4098-a551-36250c585f2a","keyframes":{"transform":["translate3d(97.26652%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cb86a865-eb5f-4503-a937-c19bc58f0579","keyframes":{"transform":["translate3d(111.14650%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-91c9107e-812e-48ff-b911-5a3eede18655","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3fe2cdbe-3292-42ce-a180-ec720c61e000","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

The European Central Bank's digital euro project is centered around making central bank money digitally available.

[{"selector":"#anim-ef0e6b18-e92b-44df-bc8f-42adb4d73a27","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5b1536d0-dd63-404d-8bc4-c6b43b0779d2","keyframes":{"transform":["translate3d(100.00000%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Learn more

The European Council had approved the Markets in Crypto-Assets (MiCA) Regulation in October 2022,

[{"selector":"#anim-537e8635-400b-4d2d-9bcf-7d688221ed55","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-07199149-1652-4a0e-ace3-023de8fb2a3c","keyframes":{"transform":["translate3d(99.76076%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-77f6bcf3-950b-49a0-8922-321e40f972af","keyframes":{"transform":["translate3d(120.89040%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0575dbbf-5d37-428d-89b5-64f67ad38fd0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8ef01234-f996-4503-8c0e-e80c2a94b457","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

The EU Commission is currently investigating the development of the digital euro.

[{"selector":"#anim-7ef8b05b-25c4-4d4f-81b2-91357b887174","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-169d586b-6675-4e7a-ae28-0eab87989696","keyframes":{"transform":["translate3d(100.70422%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-63ae12e3-dfa4-48d1-885c-104a03793820","keyframes":{"transform":["translate3d(115.77180%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-642626f2-71b3-40ba-91f8-d12570e15b6e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f7d73a7e-a8c7-4922-a399-551e0cc6c8c6","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-6af4e7b5-0867-4a92-aa43-798eeb07a31b","keyframes":{"transform":["translate3d(224.99995%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-622c634a-e0ba-481f-888e-4dfeda256935","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6b059d71-d57c-4d1f-a94b-191e3c0c57d1","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Learn more