The digital euro could become a reality in 2029 as efforts intensify to get the long-running project off the ground, Bloomberg reports.
Speaking at a summit on Tuesday, the European Central Bank Executive Board member Piero Cipollone said that „discussion at the level of member-states is going very well,” regarding the CBDC, adding that a potential launch date of „the middle of 2029 could be a fair assessment„.
The Italian official said that last week saw a „major breakthrough” on the project, with euro-area finance ministers agreeing on how to set customer holding limits.
A progress report on the euro is due in October, after which European Parliamentarians – who need to pass legislation on the plan – will have six weeks to offer amendments and then another five months of discussions. That means that “we should have a position also of the parliament,” by May, says Cipollone.
Banking 4.0 – „how was the experience for you”
„To be honest I think that Sinaia, your conference, is much better then Davos.”
Many more interesting quotes in the video below:
