{"id":23196,"date":"2023-08-31T08:12:37","date_gmt":"2023-08-31T08:12:37","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/digital-euro-legislation-spearheaded-by-german-mep-stefan-berger-gains-momentum\/"},"modified":"2023-08-31T08:12:37","modified_gmt":"2023-08-31T08:12:37","slug":"digital-euro-legislation-spearheaded-by-german-mep-stefan-berger-gains-momentum","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/digital-euro-legislation-spearheaded-by-german-mep-stefan-berger-gains-momentum\/","title":{"rendered":"Digital Euro Legislation Spearheaded by German MEP Stefan Berger Gains Momentum"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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Stefan Berger, a well-known German legislator and MEP, has assumed leadership of the campaign for new laws intended to set the groundwork for the digital euro. The central bank digital currency (CBDC), a concept that has drawn skepticism from many of his fellow lawmakers, is being championed by Berger, who is known for successfully guiding the EU\u2019s ground-breaking regulation on Markets in Crypto Assets through the Parliament.<\/p>\n

Berger\u2019s vision for the digital euro<\/a> is rooted in the idea of bolstering the European Union\u2019s independence from non-EU nations while embracing the opportunities presented by the digital era. In his own words, \u201cHaving your own digital currency makes the EU more independent of non-EU countries and is part of the digital age.\u201d However, he is acutely aware of a critical factor for success \u2013 trust. He asserts, \u201cThe project will only succeed if you can trust the digital euro just as much as you can trust cash.\u201d<\/em><\/p>\n

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The European Central Bank\u2019s Strategic Moves<\/h2>\n

Although the European Central Bank (ECB) has committed significant resources to technical preparation for this digital currency, it has not yet made a formal decision regarding the launch of the CBDC. The ECB\u2019s decisions, as well as the agreement of the European Parliament and the national governments of the EU, who meet as the Council, will determine the CBDC\u2019s future. To enable the digital currency, legislation would be needed in crucial areas like data protection, and ECB officials have suggested that the political climate in the Parliament may have an impact on their choice.<\/p>\n

Berger\u2019s Pro-Crypto Stance and Legislative Process<\/h2>\n

Stefan Berger has frequently shown support for cryptocurrencies, most notably by rejecting a plan to limit the amount of energy used by proof-of-work technology, which some people mistook for a potential ban on bitcoin. Berger will serve as the rapporteur and present modifications to the proposed legislation, allowing other MPs to suggest further changes and vote on them. He will then lead discussions with the Council to resolve disagreements and create a unified version of the law.<\/p>\n

Challenges on the Horizon<\/h2>\n

The European Parliament remains skeptical about the digital euro despite Berger\u2019s upbeat forecast. Markus Ferber, the economic spokesman for Berger\u2019s own political party, is one prominent critic. The ongoing discussion on the benefits and drawbacks of a digital euro emphasizes the need for thorough consideration before the European Union adopts this novel currency.<\/p>\n

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Finally, Stefan Berger\u2019s initiative in promoting the digital euro legislation is an important step toward embracing the digital era while maintaining trust as its pillar. The future of the digital euro remains a subject of intense attention and scrutiny on the European arena as the discussion rages on inside the European Parliament.<\/p>\n<\/p><\/div>\n

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(Originally posted on : Crypto News – iGaming.org ) Stefan Berger, a well-known German legislator and MEP, has assumed leadership of the campaign for new laws intended to set the groundwork for the digital euro. The central bank digital currency (CBDC), a concept that has drawn skepticism from many of his fellow lawmakers, is being […]<\/p>\n","protected":false},"author":34,"featured_media":23197,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23196"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=23196"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23196\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/23197"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=23196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=23196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=23196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}