The European Central Bank is accelerating development of its digital euro, targeting a pilot launch in mid-2027 followed by a full European rollout in 2029. ECB President Christine Lagarde announced the move to the ‘next and final phase’ of CBDC preparation, emphasizing the importance of digitizing cash. However, crypto enthusiasts remain skeptical about privacy and centralization risks as Europe joins a growing global race to develop central bank digital currencies.
about Digital Euro Set for 2027 Pilot, 2029 Europe Rollout