European central bank pushes for CBDC launch in 2029: Report

Nigeria, the Bahamas and Jamaica are only three jurisdictions with launched CBDCs, according to the American think tank, the Atlantic Council.

The European Central Bank is reportedly aiming to launch its digital euro in 2029, provided a legal framework can be hammered out.

Officials working on the central bank digital currency will continue to lay the groundwork after the current preparation phase concludes this month, Bloomberg reported on Wednesday, citing people familiar with the matter.

ECB officials have been exploring a potential rollout of the digital euro since 2020, entering the preparation phase in late 2023 as part of their plans. 

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