European Parliament Backs Online and Offline Digital Euro (1)

The European Parliament supported issuing an online and offline digital euro – breaking with a proposal by the leading lawmaker on the topic to only create the latter.

Legislators on Tuesday approved an amendment arguing for both versions of the digital money — as championed by the European Central Bank. That makes such an outcome likelier to come about ahead of crucial discussions in the Committee on Economic and Monetary Affairs.

The parliament said in a statement that the digital euro is “essential to strengthening EU monetary sovereignty, reducing fragmentation in retail payments, and supporting the integrity and resilience ...