The European Parliament approved the annual report supporting the digital euro project with 443 votes in favor.

DeepFlowTech · 2026-02-11T11:26:18+00:00

The European Parliament has approved the annual report supporting the digital euro, emphasizing its importance in strengthening the EU's monetary sovereignty and reducing payment fragmentation, while reaffirming the European Central Bank's independence to ensure price stability and market confidence. The report states that cash will remain an important part of the Eurozone.

DeepFlowTech

2026-02-11 11:26:18

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Deep Tide TechFlow News, February 11 — According to Cointelegraph, the European Parliament approved the annual report supporting the European Central Bank’s (ECB) digital euro project with a vote of 443 in favor, 71 against, and 117 abstentions. The resolution describes the digital euro as “a necessary measure to strengthen EU monetary sovereignty, reduce retail payment fragmentation, and reinforce the integrity of the single market.”

The European Parliament emphasized that in an era of escalating geopolitical tensions, digital public money can reduce Europe’s reliance on non-EU payment providers and private tools. At the same time, members reaffirmed that the European Central Bank must remain independent and free from political pressure, which is crucial for maintaining price stability and market confidence.

The resolution also noted that even if the ECB develops a digital euro, cash will continue to play an important role in the eurozone economy, with physical euros and digital euros both holding legal tender status.

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