The European Union is cautious about launching a CBDC

posted  7 Sept 2023
Photo - The European Union is cautious about launching a CBDC
Mairead McGuinness, the European Commissioner for Financial Services, believes there's no need to rush the launch of a digital euro before the next EU elections in June 2024.

She advises the next EU Commission to take a careful and measured approach to the CBDC rollout.

Furthermore, McGuinness mentioned that the European Central Bank will finalize its stance on the project this coming October.