ECB Says Ready to Launch Digital Euro, Awaiting Political Approval

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Release Time:12/19/2025 05:16:13

The ECB said it is ready to launch the digital euro, pending political approval. Officials confirmed technical work is complete, and the proposal will now be reviewed by the European Council and Parliament. ECB President Christine Lagarde said the institution has fulfilled its role, leaving it to lawmakers to decide next steps. The digital euro aims to support financial stability, privacy, and inclusivity, with the same legal status as cash. Among the goals is strengthening defenses against threats like Countering the Financing of Terrorism. The ECB also stressed the need for clear digital asset regulation to ensure coexistence with blockchains like Ethereum and Solana.

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