ECB warns delays to digital euro law could push back launch

Reading Time: < 1 minute

European Central Bank (ECB) Executive Board member Piero Cipollone has urged EU lawmakers to agree on digital euro legislation by the end of 2026 to keep a possible 2029 launch on schedule.

Speaking to the European Parliament on Tuesday, Cipollone said adoption of the regulation would give the ECB the legal certainty needed to complete preparations. He warned that delays could postpone the digital euro’s introduction and increase Europe’s reliance on foreign payment providers.

The ECB aims to be ready for a potential first issuance in 2029 if the legislation is adopted this year. Its Governing Council will decide whether and when to issue the digital euro once the law is approved.