European Parliament holds hearing on digital euro

On Tuesday, the European Parliament held a hearing on the digital euro. The EU's plan to launch a retail central bank digital currency (CBDC) has been opposed by legislators who question the necessity of introducing such a currency in a jurisdiction with high payment efficiency, whether citizens' privacy will be protected, and the more controversial issue of whether it can be used to expand state control. The hearing aims to help lawmakers better understand this topic when considering legislative proposals. However, invited experts disagree on almost all issues, including whether the digital euro will replace cash and the restrictions on holding digital euros. (CoinDesk)