The Council of the European Union has endorsed the launch of the European Central Bank’s digital euro. According to reports, the digital currency will be available in both an online format and an offline version that emphasizes user privacy. The endorsement marks a significant step in the potential rollout of a central bank digital currency (CBDC) within the European Union, though specific details about the timeline and functionalities remain to be seen. The development signals growing interest in digital currencies among major global economies.

The Council of the European Union has endorsed the launch of the European Central Bank’s digital euro. According to reports, the digital currency will be available in both an online format and an offline version that emphasizes user privacy. The endorsement marks a significant step in the potential rollout of a central bank digital currency (CBDC) within the European Union, though specific details about the timeline and functionalities remain to be seen. The development signals growing interest in digital currencies among major global economies.