Published by Global Banking & Finance Review®
Posted on September 23, 2025
1 min readLast updated: January 21, 2026
Add as preferred source on GoogleThe ECB plans to launch a digital euro by 2029, with legislative groundwork starting after May. This digital currency will be a central bank-backed payment wallet.
FRANKFURT (Reuters) -The European Central Bank eyes 2029 as a realistic timeline for launching a digital euro, essentially an online payment wallet backed by the central bank, ECB board member Piero Cipollone said on Tuesday.
Cipollone said the European Parliament, the European Council and the executive European Commission may have their respective positions ready by May, after which they will start joint work on legislation. Once that is in place, the ECB will need between 2-1/2 and three years to launch the currency.
He was speaking at Bloomberg's Future of Finance event.
(Reporting By Francesco CanepaEditing by Gareth Jones)
The European Central Bank is eyeing 2029 as a realistic timeline for launching the digital euro.
Piero Cipollone is a board member of the European Central Bank who discussed the timeline for the digital euro.
The European Parliament, the European Council, and the executive European Commission will prepare their positions for joint work on legislation by May.
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