The European Union has taken a significant step toward establishing an independent retail payment infrastructure following legislative progress on the Digital Euro proposal. Tuesday’s committee approval reinforces the bloc’s strategy to diminish dependency on American-controlled payment processors while establishing clear guidelines for privacy protection, user access, transaction fees, and banking sector stability. On Tuesday, the European Parliament’s economic affairs committee endorsed its negotiating position with a decisive 43-14 majority. This legislative framework outlines the operational mechanics for the ... (full story)