Digital Euro May Be Rolled Out in Mid-2029, ECB’s Cipollone Says

The digital euro could become a reality in 2029 as efforts intensify to get the long-running project off the ground, according to European Central Bank Executive Board member Piero Cipollone.

The Italian official touted a “major breakthrough” last week as euro-area finance chiefs reached an accordon how to set customer holding limits, adding that he now sees momentum.

“The discussion at the level of member-states is going very well,” Cipollone told a Bloomberg Future of Finance event Tuesday in Frankfurt. Discussing a potential launch date, he said “the middle of 2029 could be a fair assessment.”

Piero Cipollone in Frankfurt, on Sept. 23.

Photographer: Krisztian Bocsi/Bloomberg

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