The Governing Council of the European Central Bank decided, on Wednesday 14 July, to formally launch a two-year pilot project to prepare for the possible issue, three years after, of a digital euro in 2026 (see EUROPE B12581A21).
“In practical terms, this means that we will commit the resources necessary to develop a marketable product. But the decision on whether or not to issue a digital euro will only be taken at a later stage”, said Fabio Panetta, member of the ECB’s Executive...