Balgarianovinite.com The European Parliament’s rapporteur on legislation establishing the digital euro, Fernando Navarrete Rojas, said that the digital euro is intended to complement existing payment methods rather than replace cash.
Speaking in an interview with BTA after the European Parliament backed legislation on the digital euro and cash payments, the MEP said the two proposals form a single package designed to give citizens greater choice in how they make everyday payments.
“The objective is simply to provide more options,” Navarrete Rojas said. He noted that while cash acceptance has declined in parts of Europe, the legislation seeks to ensure that merchants continue to accept cash across the European Union.
At the same time, the digital euro would provide an additional European payment option for those who prefer digital transactions, reducing the EU’s dependence on payment technologies, standards and procedures developed outside the bloc.
“In the current geopolitical context, that dependence represents a serious risk that must be addressed,” he said.
Navarrete Rojas explained that the digital euro is planned in two forms: an online version, similar to existing card-payment systems, and an offline version that would enable payments without an internet connection.
He said offline transactions would also provide an additional level of privacy because payments would be made directly between the payer’s and the recipient’s devices, without passing through intermediaries or transaction registers.
According to the rapporteur, the proposed legislation would also require manufacturers of electronic devices sold in the EU to provide access to the secure hardware elements needed for the European Central Bank to develop software supporting offline digital euro payments.
He rejected suggestions that the digital euro could become “programmable money” whose use could be restricted or whose value could expire.
“Digital euro holdings will not have an expiry date,” Navarrete Rojas said. He added that, like euro banknotes and coins, the digital euro would remain central bank money and would not differ fundamentally from existing forms of public money. EP Rapporteur: Digital Euro Will Complement, Not Replace Cash 2026 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2026-07-09 05:27:41 Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news hello bulgaria political party coat of arms delyan peevski scandalous Bulgarian National Television Free Europe Television scandal exclusive live tv live right now tv tv online tv program bg live now tv news online tv online live court Burgas court Burgas district court Burgas court Burgas district court Burgas district court Burgas appellate court Burgas prosecutor Burgas prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Prosecutor General Ivan Geshev Prosecutor Geshev Tsatsarov Ministry of Internal Affairs Burgas ODMR Burgas ODPR Burgas police Burgas district police Burgas prosecutor Tsatsarov SGS cases Varna court chairman of the SGS court decisions on civil cases decisions on cases Plovdiv court decision of the court decisions cases Varna court criminal cases district district court decisions work in the court SGS chairman of the SGS judges Sofia court post judges Plovdiv court Plovdiv judges Plovdiv Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law