The EU's digital euro plan has made new progress, but issuance will still take time

ChainCatcher news, according to Reuters, EU finance ministers recently reached a consensus on the digital euro roadmap at a meeting in Copenhagen.

The proposal will give EU ministers a say in issuance decisions and individual holding limits. European Central Bank President Lagarde stated that the digital euro is not only a payment tool but also a political declaration of European sovereignty. However, the plan still requires approval from the European Parliament, with the earliest legislative completion expected by June 2026, after which it may take another 3 years for official issuance. During this period, it will also face multiple challenges such as data privacy and financial stability.