ECB hopes to have political deal on digital euro by early 2026
- The European Central Bank aims to finalize a political agreement by early 2026 to enable issuing a digital euro accessible to all Europeans.
- This effort responds to declining cash use and rising digital payments that risk reducing public money's role amid growing reliance on private providers.
- A member of the ECB's executive board highlighted that the digital euro is intended to work alongside cash, safeguard user privacy, and impose no restrictions on spending, thereby maintaining monetary sovereignty.
- The ECB launched an innovation platform with 70 organizations to test functionalities like conditional payments, targeting completion of the preparatory phase by October 2025.
- Once legislation is approved, the ECB expects a two- to three-year rollout period, highlighting the digital euro’s potential to strengthen Europe’s monetary independence.
21 Articles
21 Articles
The European Central Bank wants a political agreement by the beginning of 2026 to launch the digital euro
The European Central Bank (ECB) hopes that by the beginning of next year, it will have all political decisions to issue digital euro and then it will take two or three years to launch the currency, said Mr Piero Cipolone, a member of the ECB's executive board, at a conference, will transmit Reuters.
ECB hopes to have political deal on digital euro by early 2026
FRANKFURT :The European Central Bank hopes to have all the political decisions in place by early next year to issue a digital euro and would then need two to three years to launch the currency, ECB board member Piero Cipollone said on Thursday. The ECB has been working on a digital version of the euro for yea
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