In accordance with BitJie, the European Central Bank (ECB) is advancing its digital euro initiative, with a planned launch in 2029. ECB Executive Board member Piero Cipollone highlighted the progress during the Future Finance event in Frankfurt, noting that a key milestone was reached last week with agreement on citizen holding limits. The project aims to reduce reliance on private payment giants like Visa and PayPal, and to prevent dollar-pegged stablecoins from dominating European digital payments. Despite technical progress, legislative approval remains a major hurdle, with the European Parliament expected to vote on the legal framework by early May 2026. The ECB is also considering building the digital euro on public blockchains like Ethereum or Solana, a shift from the initial plan of using a private ledger.
ECB's Cipollone Announces Digital Euro Launch Targeted for 2029
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