ECB Enters Digital Euro Technical Phase in 2025

The European Central Bank (ECB) has transitioned its digital euro project into the technical phase, setting an October 30, 2025, launch date for the EU. This crucial milestone follows a two-year preparation phase detailed in a comprehensive report. Pilot programs are anticipated by 2027, contingent on EU legislation. The ECB’s Governing Council has been instrumental in driving progress, supported by European political leaders, with a significant decision being the planned inclusion of the digital euro as an alternative to physical cash, requiring new regulatory frameworks.