The European Parliament reviewed the progress of the digital euro and identified challenges related to its use outside the euro area.
Legal and technical cross-border complications for the EU’s digital euro project have been identified.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.The EU's digital euro might come up against challenges in non-euro member states, according to a review by the European Parliament
"Any arrangement between the ECB and a non-euro area national central bank would have to be preceded by an international agreement between the European Union and the third country," the report stated.After reviewing the report, European Blockchain Association Head of Policy Erwin Voloder told The Block,"CBDCs are closed loop data cycles, and will need at minimum data sharing agreements between countries.
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