EU Council approves design for online and offline digital euro

The Council of the European Union has approved the European Central Bank's (ECB) design proposal for a digital euro that would be issued in both online and offline versions, Cointelegraph reported. The offline version is designed to offer a higher level of privacy, as transactions would be exchanged directly between the parties involved without being shared with third-party institutions. However, concerns have been raised about potential security vulnerabilities, including the risk of relay attacks.