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ECB Targets 2029 for Digital Euro Launch as Political Support Grows
ECB Targets 2029 for Digital Euro Launch as Political Support Grows
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BTCCSquare news:
The European Central Bank has identified 2029 as a feasible timeline for its digital euro rollout, with Executive Board member Piero Cipollone citing accelerating political negotiations. Last week's agreement among eurozone finance ministers on holding limits—a critical safeguard for banking systems—marks a pivotal step forward.
Legislative approval remains the final hurdle, with the European Parliament set to review the project's legal framework following an October progress report. The ECB's push comes as European officials seek to counterbalance the dominance of private payment processors and dollar-pegged stablecoins in digital commerce.
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