ECB Warns Legal Delays Could Postpone 2029 Digital Euro
European Central Bank official Piero Cipollone warned European Union lawmakers that legislative holdups could push back the digital euro's projected 2029 rollout.
The European Central Bank has warned that delays in passing required legislation could postpone the potential launch of the digital euro beyond 2029, according to Cointelegraph. The alert comes as European Union lawmakers confront an approaching year-end deadline to finalize the regulatory framework.
Rollout Timeline at Risk
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ECB Executive Board member Piero Cipollone delivered the warning to EU lawmakers, emphasizing that finalizing the digital euro legislation on schedule remains critical to maintaining the central bank's proposed target date. Without timely legislative clearance, the project's development schedule risks falling behind.
Year-End Legislative Deadlines
EU lawmakers face a year-end deadline to settle the legislative text governing the digital currency. A failure to conclude negotiations within this timeframe could directly disrupt implementation plans aimed at a 2029 launch.
Key facts
- ECB Executive Board member Piero Cipollone issued the warning to EU lawmakers.
- Legislative holdups threaten to postpone the digital euro's potential 2029 rollout.
- European Union lawmakers face an impending year-end deadline to finalize digital euro legislation.
Source: cointelegraph.com
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