According to PANews, European Central Bank Executive Board member Piero Cipollone has indicated that the digital euro could become a reality by 2029 as efforts to advance the project intensify. Last week, Eurozone finance ministers reached an agreement on setting limits for customer holdings, which Cipollone described as a 'significant breakthrough' and a sign of momentum. Speaking at the Bloomberg Financial Future event on Tuesday, he noted that discussions at the member state level are progressing smoothly, with mid-2029 being a reasonable target for the launch.
The primary obstacle remains the need for legislative support from the European Parliament. After submitting a progress report on October 24, lawmakers will have six weeks to propose amendments, followed by five months of discussions. By early May, the Parliament's stance should be clearer. Cipollone also expressed optimism that a general guideline, or agreement among member states, could be reached by the end of the year.