For those of you chomping at the bit to use a digital euro to buy a cup of coffee or pay your taxes, you could be waiting a while, as the earliest possible issuance for a digital euro is 2027, Jürgen Schaaf, advisor to the European Central Bank (ECB), told the BAFT Europe Bank to Bank Forum in London recently.
Laying out a potential timeline for issuance of the retail central bank digital currency (CBDC), Mr Schaaf, who advises the senior management of the ECB’s Market Infrastructure and Payments division, said the digital euro is currently in the investigation phase and that by the spring, the ECB should have an overview of design choices.
