ECB Plans for Digital Euro Launch by Mid-2029 Amidst Complexities

The European Central Bank (ECB) is preparing for the launch of the digital euro, targeting mid-2029. ECB board member Piero Cipollone noted that the project, initiated in October 2020, faces complexities that could delay its rollout. The digital euro aims to modernize the payment system, enhance financial inclusion, and compete with other digital currencies, reflecting the ECB's commitment to innovation in finance.