
The European Central Bank moves the digital euro into its last development stage, targeting a 2029 launch following the European Council’s call to expedite progress.
On October 29, the European Central Bank advanced the digital euro initiative to its final phase before the planned 2029 rollout, responding to the European Council’s request for accelerated development. ECB President Christine Lagarde confirmed this marks the concluding stage in preparations for introducing the central bank digital currency. The timeline aligns with earlier plans for pilot testing by 2027, pending legislative approval, and reinforces the EU’s commitment to enhancing financial sovereignty.