US EditionECB: Digital Euro Pilot Could Begin in 2027 Once Legislation Passed
19 Articles
19 Articles
On Thursday, 30 October, the European Central Bank announced the next steps in the timetable for its digital currency. A pilot phase could be launched within two years, provided that a European legislative framework is adopted next year.
The European Central Bank decides on the next phase for the preparation of the digital currency. What about it?
The institution develops a digital version of free and usable cash across Europe. The project scares banks, who fear for their economy.
The first issue of the digital euro is planned for 2029, if the legislative process starts after the pilot phase.
"We are working to make the euro more tangible - cash - suitable for the future, re-designing and modernising banknotes and preparing for digital cash issuance." (ANSA)
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