ECB Warns EU Lawmakers on Digital Euro Delay if Legislation Not Fast-Tracked

The European Central Bank (ECB) has issued a warning to EU lawmakers, stating that a delay in adopting the 'Single Currency Package' – the necessary legal framework for a digital euro – by the end of 2026 could push back its introduction beyond the targeted 2029. ECB Executive Board member Piero Cipollone emphasized that swift legislative action is crucial to avoid postponing the digital euro's launch, deepening reliance on foreign payment providers, and hindering European companies' competitiveness.