European Central Bank Plans to Launch Digital Euro Pilot in 2027, Issue in 2029

Members of the Executive Board of the European Central Bank, Piero Cipollone, stated that the pilot program for the digital euro will commence in the second half of 2027 and will last for 12 months, involving 36 service providers. The pilot aims to test the technology and coordinate collaboration among service providers, merchants, central banks, infrastructure operators, and users. Legislative negotiations related to the digital euro are currently ongoing among the European Parliament, the Council of the European Union, and the European Commission, and are expected to conclude within the year. If negotiations proceed smoothly, the European Central Bank aims to issue the digital euro in 2029.

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