ECB's Cipollone: digital euro pilot in 2027; hopes regulation is adopted by year-end

ECB Executive Board member Piero Cipollone said: "In 2027 we will already launch a pilot based on real transactions carried out by the staff of the ECB and the other national central banks." Asked about a rollout as early as 2029 if the regulation is approved this year, he said: "We hope that the regulation will be adopted by the end of the year, enabling the ECB's Governing Council to issue a formal decision on issuance." He said there will be a cap on the amount of digital euro a person can keep in a wallet, but "there won't be limits on payments".