Eurozone finance ministers issue statement on political dimensions of digital euro

The finance ministers of the euro zone countries issued a statement on the introduction of the digital euro after the Brussels meeting, stating that the Eurogroup will hold regular meetings to discuss the potential impact of digital currencies at the political level, and the European Central Bank (ECB) has also issued a document detailing the design of the digital euro Progress. The Eurogroup statement spoke of the need for the ECB and the European Commission to inform the Eurogroup and EU Member States of the developments to create a digital euro, stating that the digital euro is currently under investigation, "the Eurogroup believes that the introduction of a digital euro and its main features and design choices require political decisions, which should be discussed and taken at the political level", in addition to listing the issues it is focusing on, which include the environmental impact of digital currencies, privacy, financial stability and related issues, and also on non-euro Regional EU member states have expressed interest in plans for a central bank digital currency.