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ECB President Lagarde Stresses Digital Euro Plan
ECB President Christine Lagarde reiterated Europe's commitment to advancing the digital euro as a digital cash equivalent for retail payments. She emphasized that adopting the regulation for the establishment of the digital euro by the end of 2026 was 'key' to making this possible. The ECB plans to run a 12-month internal pilot in the second half of 2027, hinting at a potential launch in 2028 or 2029, with 36 payment providers participating in the program.