June 15 (Cointime) - The European Union is set to reveal plans for a digital euro that would require the European Central Bank to establish limits on its use in order to ensure financial stability. A draft proposal obtained by Bloomberg states that the ECB would need to determine the necessary instruments to guarantee financial stability.

The use of the digital euro as a store of value may be subject to limits to ensure the stability of the financial system, the availability of credit, and the transmission of monetary policy.

The EU is considering launching a central bank digital currency and is currently in the investigation phase, which is expected to conclude in October of this year.