Photo: economictimes.indiatimes.com
ECB Plans 2029 Rollout for Digital Euro Amid EU Lawmaker Disputes
The European Central Bank is set to launch a digital euro by 2029, facing legal hurdles and disputes among EU lawmakers, particularly regarding US payment firms influence.
- The European Central Bank plans to initiate the rollout of the digital euro in 2029, extending its preparatory phase beyond the current timeline.
- Contingent on establishing a solid legal framework, officials will make a decision this week to advance the digital euro project in Europe.
- Disputes among EU lawmakers, especially from the European Peoples Party, are creating significant roadblocks, raising concerns about the dominance of US payment firms.
Por Qué Es Relevante
The rollout of the digital euro by the European Central Bank could reshape the financial landscape in Europe, impacting how transactions are processed and challenging US firms dominance in digital payments.