ECB warns digital euro may not launch in 2029 as EU talks continue

The European Central Bank has warned that delays in approving European Union legislation could push the digital euro's potential launch beyond 2029, even as preparations continue for a 12-month pilot scheduled to begin next year. ECB official Piero Cipollone warned that legislative delays could postpone the digital euro's potential 2029 launch. European lawmakers are negotiating the digital euro regulation, with the ECB seeking approval before year-end. Parliament backed its negotiating position in July, but the EU institutions have not reached an agreement. The ECB plans a 12-month pilot beginning in 2027 with 36 payment providers and selected merchants. European banks are preparing euro stablecoins under MiCA while the digital euro awaits legislative approval.

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