ECB Makes Progress on Digital Euro Launch

The European Central Bank (ECB) is actively advancing towards the launch of its Digital Euro, a central bank digital currency (CBDC). The ECB aims to modernize the European payment system with this new currency. A key focus for the ECB is ensuring user privacy and security as it develops the Digital Euro. While aiming for a 2025 launch date, the process requires legislative approval from lawmakers, who have expressed concerns about the impact of introducing a digital currency. The ECB has actively sought public feedback to address any citizen apprehensions regarding this new currency.