The European Commission Is Poised to Release Draft Legislation on Their Digital Euro on June 28

The European Commission is poised to release draft legislation on their digital euro. The controversial CBDC had previously been removed from the executive body's agenda for this parliamentary sitting, but Commissioner Myread McGinnis confirmed that she would be moving forward with the bill. Reports indicate that the discussions around the digital euro have focused largely on how to mitigate risks to the banking system.