European central bank pushes for CBDC launch in 2029: Report

The European Central Bank (ECB) is reportedly targeting a 2029 launch for its digital euro, provided that a necessary legal framework can be agreed upon and passed by lawmakers within the next four years. Officials are continuing preparatory work after the current phase concludes this month, with further discussions expected in Italy this week. The project, explored since 2020, has faced skepticism regarding privacy and other risks, leading to delays in legislation before the European Parliament. ECB Board member Piero Cipolloni previously suggested mid-2029 as a possible launch date, emphasizing that a digital euro would guarantee free, universally accepted digital payments for all Europeans, even during major disruptions like war or cyberattacks. Globally, only three jurisdictions—Nigeria, the Bahamas, and Jamaica—have officially launched a Central Bank Digital Currency (CBDC), while 49 others are in the pilot phase.

(Source：Cointelegraph)