ECB Sets 2029 Target for Digital Euro Launch as Legislative Process Advances

TLDR: ECB targets mid-2029 for digital euro issuance pending legislative approval with pilot launch in 2027.  Nearly 70% of European card transactions rely on non-European processors raising sovereignty concerns.  Digital euro will use encrypted codes ensuring ECB cannot identify individual payers or transaction recipients.  Waterfall mechanism and holding limits designed to prevent bank deposit outflows [...]

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