00:00Lawmakers at the European Parliament are struggling to find a compromise position on the design of the digital euro, according to three sources.
00:12Rapporteur Fernando Navarrete made a new proposal on the concept of the digital euro, calling it e-cash.
00:19That model would be used only for offline payments and as a tokenized digital form of cash without granting users retail accounts on the European Central Bank ledger.
00:31By contrast, the Socialists and Democrats and Renew Europe support the European Commission's proposal,
00:38with users holding retail accounts on the ECB's ledger and using the digital euro both online and offline.
00:46A vote on the file is expected in May at the European Parliament's plenary session, but divisions between legislators could thwart its passage.
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