EU committee votes to advance digital euro bill, targeting 2029 launch

The European Parliament's Economic Committee approved the digital euro package in a 43-14 vote, moving the EU's central bank digital currency closer to a planned 2029 launch with privacy safeguards and offline payment features.

• ECON committee voted 43-14 to approve the digital euro legislative package
• Digital euro will work both online (account-based) and offline (device storage)
• No interest will be paid on digital euro holdings; holding limits will apply
• Privacy-by-design features include zero-knowledge proofs; ECB will not see personal data
• ECB targets 2029 launch; rollout period of at least two years after final law

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