According to Bitcoin.com, the European Parliament passed a resolution to advance the digital euro with 416 votes in favor, 169 votes against, and 22 abstentions, officially entering the negotiation stage with member states. The digital euro was first proposed in 2023 with the aim of maintaining European monetary sovereignty and supplementing cash payments. Negotiator Fernando Navarrete Rojas stated that the digital euro will supplement rather than replace cash, and provide free basic accounts and holding limits. The European Central Bank has established cooperation with major payment standard providers in Europe, and Piero Cipollone, a member of the European Central Bank Executive Board, stated that the digital euro will reduce Europe's dependence on external providers.
