🚧 The ECB is facing opposition from European lawmakers in developing a Central Bank Digital Currency (CBDC).

- EU parliamentarians are calling for a delay in the decision to launch a digital euro, raising concerns about the costs for commercial banks and the uncertainty of benefits for ordinary users.

- ECB President Christine Lagarde is trying to reassure lawmakers that a digital euro will not be released just yet, but some MEPs are cautious about potential risks to privacy and mass surveillance.

- Even if the ECB wants to move to the next phase of the digital euro project, opposition in the European Parliament could slow down further technical development and testing of prototypes.

So far, progress towards a digital currency by the EU Central Bank has been hampered by local legislators with unresolved issues.