Today the EU’s parliamentary Committee on Economic and Monetary Affairs held a meeting that discussed the digital euro. An updated draft of the digital euro legislation reveals several key changes. They include support for permissionless blockchains.
The draft legislation states, “Conditional payments in Digital Euros may also be carried out on permissionless distributed ledgers where until now only privately issued assets like crypto-assets or stable coins are available as a means of payment. With the approval and under conditions set by the European Central Bank, the Digital Euro would be made available as a token to be referenced on these chains.”
The central bank and European Council previously stated they don’t want programmable money at the base layer, so the legislation now specifies conditional payments will happen in the “layer above”.
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