The European Central Bank has been told to “accelerate” the process of developing the digital euro—a central bank digital currency, or CBDC—by the European Council. If the European Parliament passes the necessary regulations in 2026, then the digital euro will be piloted in 2027 and, if successful, formally rolled out across Europe in 2029. Christine Lagarde, president of the European Central Bank, announced via social media on Friday that the Governing Council is moving into the “next and final phase” of d ...