
ECB: digital euro needed to fend off external payment platforms
- —ECB frames the digital euro as a shield against external and private tokenisation platforms
- —EU legislative process on the digital euro is targeted for completion by end-2026
- —A 12-month pilot programme is planned for the second half of 2027
- —Full issuance of the digital euro could follow in 2029
Why it matters: The digital euro will shape retail payment rules across the EU and could tighten state control over transactions, a key issue for the crypto industry.
Source: Bithub