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Europe's digital euro: What it is and how it would work
Talks between the European Parliament, European governments and the European Commission on rules for a digital euro begin on Monday, three years after the legislation was first proposed. The negotiations aim to produce a final law by the end of the year, paving the way for the European Central Bank to formally approve a digital euro on January 1, 2027 — 25 years after euro notes and coins entered circulation. The digital currency would then likely be launched in 2029, following a pilot phase due to start next year involving around 40 banks and payment companies. The digital euro would be an electronic version of ... (full story)
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