The European Central Bank plans to set a limit on the holdings of the digital euro

The Council of the European Union announced support for the European Central Bank's plan to explore an official digital currency, describing it as an evolution of money and a tool for inclusive finance. However, the institution stated that the European Central Bank needs to set limits on the total value that can be held simultaneously in online accounts and digital wallets, in order to "prevent the digital euro from being used as a means of storing value," thus preventing any impact on financial stability.