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