The ECB has been working on the digital euro for over five years. It is currently in the “preparation phase” which started in November 2023. The launch of the digital euro is the next phase, which involves the actual rollout of the digital euro across the EU member states.
“The deadline for us [to make the digital euro a reality] is going to be October 2025 and we are getting ready for that deadline,” Lagarde said during a press conference on 6 March.
“But,” she added, “we will not be able to move unless the other parties, the stakeholders as I call them – [European] Commission, Council and Parliament – actually complete the legislative process, without which we will not be able to move.”
Hellbound and Down 