CBDC’s next phase to focus on technical readiness, market engagement and legislative support
The European Central Bank’s governing council has said it is looking to issue the digital euro by 2029.
In the press release announcing its decision today (October 30), the ECB said the next phase aimed to ensure “technical readiness for first issuance” of the central bank digital currency. It said it aims to start a “pilot exercise” in 2027 and a “potential first issuance of the digital euro” sometime in 2029, provided that enabling legislation is put in place in 2026.
Central Banking understands
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