According to Reuters, the European Central Bank's digital euro project has received support from a key committee of the European Parliament. The European Parliament's Committee on Economic and Monetary Affairs (ECON) has approved the draft rules for the digital euro, paving the way for subsequent negotiations with EU member states and the European Commission. The digital euro is an electronic payment tool supported by the European Central Bank, planned to offer online and offline payments to residents of the Eurozone through banks or fintech companies.


The European Central Bank plans to launch a 12-month pilot in the second half of 2027 and fully roll it out in 2029.
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