ECB urges adoption within the year… calls for conclusion of trilateral negotiations on single currency package
Original headline연내 채택 촉구한 ECB…단일통화 패키지 3자 협상 마무리 요구
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The European Central Bank has urged EU lawmakers to adopt a single-currency package covering the legal tender status of euro cash and the legal framework for a potential digital euro before the end of the year. ECB executive board member Piero Cipollone told the European Parliament's economic and monetary affairs committee on June 10 that concluding the ongoing trilogue negotiations swiftly would open the path to adoption by year-end, a target contingent on those talks finishing. The ECB argues that legislative delays could slow digital euro rollout, hamper payment innovation and competition among European firms, and entrench reliance on foreign payment providers. The package bundles proposals on cash's legal tender status with the legal basis for the digital euro. Watch for whether the trilogue talks conclude in time to meet the year-end adoption goal.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
European Central Bank, digital euro, Piero Cipollone, European Parliament