Share this article
EU Commission’s Digital Euro Bill Back on Track for June 28, Lead Official Says
The controversial central bank digital currency proposals had been removed from the EU executive’s agenda.
Updated Jun 20, 2023, 6:39 p.m. Published Jun 20, 2023, 5:47 p.m.
BRUSSELS, Belgium – The European Commission is back on track to publish legislation on a digital euro on June 28, after the controversial topic was previously removed from the executive’s agenda, the bloc’s lead financial services official said on Tuesday.
Commissioner Mairead McGuinness confirmed she would be pressing ahead with a bill to underpin the central bank digital currency, set to cover topics such as privacy, distribution and offline transactions.
STORY CONTINUES BELOW
"We’re looking forward to presenting both proposals next week," McGuinness told an event in Brussels of the digital euro plans and a parallel law on the legal status of cash.
Plans for the CBDC has raised fears it could lead to state snooping, or usurp the status of banknotes and coins.
Two sources have previously told CoinDesk the topic was removed from the agenda following internal discussions earlier this week, and it was removed from a tentative agenda published by the commission earlier Tuesday.
The European Central Bank is set to take a decision later this year on whether to press ahead with the project after having examined technical details for several years.
"It’s always been on my agenda for next week," McGuinness told CoinDesk.
Read more: EU’s Leaked Digital Euro Bill Outlaws Interest, Large Holdings, Programmability
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Save the Children Introduces Bitcoin Fund to Streamline Crisis Response
New fund enables Save the Children to hold bitcoin, pilot digital wallets, and speed up emergency aid delivery.
What to know:
- Save the Children has launched a Bitcoin Fund to hold cryptocurrency donations for up to four years, allowing donors more control over conversion timing.
- The fund aims to enhance the speed and efficiency of aid delivery by utilizing blockchain technology and piloting new forms of direct assistance.
- This initiative reflects a growing interest in decentralized finance to reduce costs and increase transparency in humanitarian aid.
Top Stories
