TechFlow News, February 11: According to a Cointelegraph report, the European Parliament adopted its annual report supporting the European Central Bank’s (ECB) digital euro project, with 443 votes in favor, 71 against, and 117 abstentions. The resolution describes the digital euro as “a necessary measure to strengthen the EU’s monetary sovereignty, reduce fragmentation in retail payments, and consolidate the integrity of the Single Market.”
The European Parliament emphasized that, amid escalating geopolitical tensions, a publicly issued digital currency could reduce Europe’s reliance on non-EU payment providers and private tools. At the same time, members of parliament reaffirmed that the ECB must remain independent and free from political pressure—a critical prerequisite for maintaining price stability and market confidence.
The resolution also states that even if the ECB develops a digital euro, cash will continue to play an important role in the euro area economy, and both physical and digital euros will hold legal tender status.
