The move follows the leaking of the draft bill, which covers privacy and technical issues for the central bank digital currency (CBDC), and The legislative text seen by journalists last week sought to bar banks paying interest on digital euros and merchants charging for using it. The European Union legislation needed to underpin a digital euro, originally due to be published June 28, has been put on hold. Journalists have been told. The timeline for the draft bill, intended to be published ahead of a firm European Central Bank decision on whether to issue the currency in a digital form, has shifted several times. It was at one stage planned for May. The plans were also discussed by finance ministers from the euro area at a regular Thursday meeting. Irish Finance Minister Paschal Donohoe said in a statement after he chaired the talks that ministers stressed the importance of developing a compelling and clear narrative regarding what would be the added value of this development in terms of a difference to the economy and citizens’ lives. The European Commission did not provide a reason for the delay, nor did it give a new date for publication. Journalists have reached out to the European Commission for comment.
EU Legislation for Digital Euro Delayed Following Leak
