On November 26, the European Central Bank (ECB) has approved a new supervisory framework to cover electronic payments. Including digital currency and stable currency. The bank revealed. This framework will complement the upcoming European Union (EU) digital currency regulations.
The European Central Bank revealed in its press release. It is replacing the current euro system regulatory approach to keep up with financial and technological developments. The new electronic payment instruments, plans and arrangements (PISA) framework will also cover direct debits. Credit card transfers, payment cards and electronic money transfers.
In terms of digital currency. The expanded PISA framework will cover “encrypted asset-related services. For example, merchants accept encrypted assets in card payment schemes. As well as the option of sending, receiving or paying for encrypted assets through e-wallets.”