The European Central Bank's (ECB) digital euro project, introduced in October 2020, is now projected for launch around mid-2029, according to ECB Executive Board member Piero Cipollone. Speaking at a Bloomberg Future of Finance event, Cipollone cited the European Parliament as the primary barrier, as its legislation is necessary for the project's advancement. He expressed optimism that a general agreement among EU member states could be reached by the end of the year, with further discussions expected to culminate in a Parliamentary stance by May 2026. Despite the anticipated delay, preparations for the central bank digital currency (CBDC) continue, and an important progress report from a Member of the European Parliament is expected by October 24, closely followed by a timeline for potential amendments and further discussions.

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