The European Union began negotiations on legislation that would establish the legal framework for a digital euro, marking a major step toward introducing a central bank digital currency across the euro zone, according to Reuters.
The discussions involve the European Parliament, European governments and the European Commission and come three years after the legislation was first proposed. The aim is to finalize the rules by the end of 2026, enabling the European Central Bank (ECB) to formally approve the digital euro on January 1, 2027, exactly 25 years after euro banknotes and coins entered circulation, Reuters reported.
