EU debates digital euro holding limit of €500–3,000
- —European Parliament approved the mandate with 416 votes against 169, with 22 abstentions
- —Discussed holding limit is €500 to €3,000 per person
- —The ECB modeled a hypothetical cap of up to €3,000 per person
- —Excess above the limit is automatically transferred to a bank account
Why it matters: The digital euro is designed as a means of payment rather than an investment, and will compete with cards and euro stablecoins, not with bitcoin.
Source: CryptoTicker