EU lawmakers backed a legal framework to launch a state-backed digital currency by 2029 so the continent can stop relying entirely on U.S. credit card and stablecoin giants. The European Parliament’s Economic and Monetary Affairs Committee approved the legal framework for a digital euro and ordered immediate trilogue talks to finalize the law, ending three years of clashes between central and commercial banks. EU officials and ECB President Christine Lagarde say the digital euro is needed to sa…
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