Reported about 4 hours ago
EU finance ministers have agreed on a roadmap for a digital euro aimed at providing an alternative to the dominant Visa and Mastercard systems. This electronic currency, supported by the European Central Bank, seeks to lessen Europe's reliance on U.S. financial services. While discussions have intensified due to a desire for greater autonomy, legislative approval remains pending. A compromise was reached on involving finance ministers in decisions regarding issuance and holding limits, although formal legislation is still in progress.
Source: YAHOO