ECB Targets 2029 Launch for Digital Euro, Prep Work to Continue

The European Central Bank will continue laying the groundwork for the digital euro after the current preparation phase ends this month, penciling in a launch in four years’ time.

Officials will decide to push on with preparatory work at a meeting this week in Florence, Italy, according to people familiar with the matter. They’re looking to issue the currency in 2029, provided there’s a legal framework, the people said, asking not to be identified citing confidential discussions.