European Central Bank to 'Accelerate' CBDC Plans, Eyeing 2029 Digital Euro Rollout
Update: 2025-10-31
Description
Europe's digital euro project gains momentum as the ECB enters the final phase of development, aiming for a pilot in 2027 and a full launch in 2029. The digital euro, a government-backed digital payment method, will not rely on blockchain tech but borrow design ideas from digital currency systems. While crypto fans raise concerns about privacy and government control, the ECB prepares for regulatory approval and pilot projects, setting aside €1.3 billion for the initiative. As countries worldwide explore digital currencies, Europe's push for a digital euro could reshape the global stablecoin market.
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