Digital euro could be reality by 2026 – ECB’s Panetta

ECB will step up engagement with authorities and investigate means of issuing CBDC

Fabio Panetta
ECB governing council member Fabio Panetta
Bernd Hartung/European Central Bank

The eurozone could be using a central bank-issued digital currency by 2026, European Central Bank governing council member Fabio Panetta said today (May 16).

Panetta’s comments mark the first time an ECB official has set a date for the possible adoption of a CBDC. He said the ECB was “stepping up our engagement with all stakeholders” in a potential digital euro.

He added the central bank could begin a realisation phase “at the end of 2023” to test the technical and business solutions for a

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