On Thursday 30 October, the Governing Council of the European Central Bank (ECB) gave the green light to the next phase of the digital euro project, marking the end of a preparatory phase that began in November 2023. The aim of this new stage is to complete the technical and organisational preparations for a potential first issue of the digital euro by 2029.
Subject to the adoption of EU legislation expected in 2026 (see EUROPE B13738A9, B13702A19), a pilot exercise could begin as early as...