TREE NEWS update: European Central Bank Executive Board member Piero Cipollone warned that the digital euro’s planned 2029 launch could be delayed if legislation is not finalized in time. He urged EU negotiators to reach agreement on the legislation by the end of the year, saying delays could deepen Europe’s reliance on foreign payment providers. The ECB plans a 12-month pilot in the second half of 2027, with the Governing Council deciding on issuance after legislation passes.
ECB’s Cipollone Warns Digital Euro 2029 Launch at Risk Without Legislation
The digital euro's fate now hinges less on technical readiness than on the EU's legislative calendar, and Cipollone's warning makes that dependency explicit. The sequencing is notable: a pilot precedes any issuance decision, meaning the project can advance operationally while its legal foundation remains unresolved. The sovereignty argument — reducing reliance on foreign payment providers — is the ECB's core justification, and it is being used to pressure negotiators. Whether EU lawmakers deliver by year-end is the open question, and any slippage would test how much of the 2029 timeline is genuinely fixed.
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