World Finance Informs

The digital euro is moving from a central-bank research project toward a more defined phase of technical preparation, market participation and regulatory development. The Eurosystem completed its initial investigation phase in 2023 and moved into a preparation phase later that year. The current stage is focused on building the infrastructure, testing the proposed functionality and preparing the payment ecosystem for a potential launch, subject to the adoption of the necessary legislation. This is giving digital euro payment infrastructure a more concrete role in the evolution of European digital payments. The project is no longer centred only on whether a central...