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Steven Walgenbach

ECB Completes Technical Work for Digital Euro; Decision Moves to EU Lawmakers

At its final press conference of the year on Thursday, the ECB said it has finished the technical and preparatory work for a retail digital euro and is awaiting authorization from the European Council and Parliament. The Commission's proposal envisions legal tender status and privacy protections, with a pilot possible in 2027 if legislation passes by 2026.
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