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ARTICLE · 04 NOVEMBER 2025

The Digital Euro Project Moves To The Next Phase

William Fry LLP
William Fry LLP
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William Fry LLP

William Fry LLP

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On 30 October 2025, the Governing Council of the European Central Bank (ECB) announced its decision to move to the next phase of the digital euro project.

IrelandFinance and Banking
Shane Kelleher
Shane Kelleher
Louise McNabola
Louise McNabola
John O'Connor
John O'Connor
Jane Balfe
Jane Balfe
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On 30 October 2025, the Governing Council of the European Central Bank (ECB) announced its decision to move to the next phase of the digital euro project.

The Governing Council's decision accords with European leaders' request to accelerate progress on the digital euro, during the October 2025 Euro Summit and follows the successful completion of the preparation phase (launched in November 2023) which laid the foundations for issuing a digital euro. For further information on the proposal to introduce a digital euro and the preparation phase please see our articles here and here.

The digital euro is expected to preserve Europeans' freedom of choice and privacy and protect Europe's monetary sovereignty and economic security and foster innovation in payments and help make European payments competitive, resilient and inclusive.

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