Europe Accelerates Digital Euro Plan Amid Resistance

The global shift towards digital technologies is influencing monetary landscapes, as Europe embarks on a bold initiative: the development of a European digital currency. On October 29, 2025, the ECB officially initiated this new phase of the digital euro project, aiming to launch a public, competitive alternative to private solutions and foreign initiatives by 2029. This ambitious endeavor seeks to ensure monetary control within the euro area. The European Central Bank (ECB) plans for a gradual rollout, starting with technical preparations in early 2027 if the necessary legislation is finalized before that time.