The EU Council Supports the Digital Euro Proposal

European Central Bank's Digital Euro Project

European Council has supported the European Central Bank's digital euro plan. This is seen as an evolution of money and is considered a tool to enhance financial inclusion.

With the proposed measures, it is planned to impose limits on the ownership of digital euros. This step is taken to prevent the central bank digital currency from competing with deposits in banks. At the same time, the goal is to prevent financial instability.

However, there are criticisms that these limitations protect banks from competition and could restrict the potential usefulness of the digital euro.