Introduced in October 2020, Europe’s digital euro may not launch until 2029, according to ECB Executive Board member Piero Cipollone.
The digital euro, the European Union’s long-planned central bank digital currency (CBDC) project, is facing delays, with its launch now expected around mid-2029.
The EU’s digital euro could become a reality in 2029, European Central Bank Executive Board member Piero Cipollone said in a Bloomberg Future of Finance event Tuesday in Frankfurt.
“The middle of 2029 could be a fair assessment,” he said, adding that the ECB has been actively discussing the project at the level of EU member states.
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