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Fabio Panetta, a member of the Executive Committee of the European Central Bank (ECB), shared news that the European Commission is preparing to introduce a law for the digital euro in June. Panetta also mentioned that further decisions regarding the digital euro’s progress will be made in October.In an interview on the ECB’s official website, Panetta confirmed that the eurozone bank is working closely with the European Commission to create rules and guidelines for the digital euro. The digital euro aims to become the official digital currency issued by the central bank for the 27 countries in the European Union.<blockquote>Panetta shared, “We are examining how the digital euro should be structured, how it should be distributed, and what effects it may have on the financial industry.” He also mentioned that the proposal, which is anticipated to be introduced in June, will be reviewed by the Governing Council of the ECB in October.</blockquote>After reviewing the proposal, the Governing Council will make a decision regarding whether to proceed with a preparation phase for the development and testing of the digital euro. Panetta mentioned that this testing phase for the European Central Bank’s digital currency could last for a period of two to three years.Read Full Article Here: <a href="https://cryptosheadlines.com/european-commission-plans-to-unveil-digital-euro-regulatory-framework-in-june/" rel="noopener noreferrer nofollow">https://cryptosheadlines.com/european-commission-plans-to-unveil-digital-euro-regulatory-framework-in-june/</a>

European Commission Plans to Unveil Digital Euro Regulatory Framework in June

CryptosHeadlines.com

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