The European Central Bank plans to launch a digital euro in 2029, and preparations will continue.

The European Central Bank (ECB) will continue groundwork for a digital euro after the current preparatory phase concludes this month, with plans to launch it four years later. Sources familiar with the matter revealed that ECB officials will decide at a meeting this week in Florence, Italy, to proceed with preparations, and if the legal framework is in place, they plan to issue the digital euro in 2029.