ECB Urges Action for Digital Euro Legislation, Setting October 2025 Deadline

Christine Lagarde, President of the European Central Bank (ECB), is pushing for swift legislative action on a digital euro to ensure its launch by October 2025. This move aims to bolster Europe’s financial modernization and address dependence on non-European payment systems. The ECB has stressed that completion of the necessary legislation by all participating bodies—the Parliament, Commission, and Council—is essential for successful implementation. Lagarde emphasized the urgency of this action, highlighting its impact on both wholesale and retail levels.