Reported about 7 hours ago
The European Central Bank (ECB) aims to launch a pilot for its digital euro in 2027, pending approval from EU lawmakers. This initiative is seen as crucial for enhancing the euro zone's financial independence, offering a strategic alternative to private payment methods. The ECB plans to facilitate initial transactions of the digital euro by mid-2027, with a full-scale release expected by 2029, although concerns from banks and government regulations could delay progress.
Source: YAHOO