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ECB Votes on Digital Euro: Privacy and Costs Debate

1/6/2026

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Story summary
  • The European Central Bank (ECB) is nearing a crucial vote on the digital euro in the first half of 2026, with a target to issue by 2029 after a 2027 pilot.
  • Lawmakers are debating privacy safeguards for the digital euro.
  • The Council supports both online and offline versions.
  • Parliament's Fernando Navarrete advocates offline-only at first.
  • Banks warn about implementation costs and potential shifts in deposits.