At a conference on the digital euro at the European Parliament, the Bank of Italy outlined its role in the design and future operation of the digital euro platform and confirmed that one of the system's data centres will be located and managed in Italy. The event also served to review progress on the proposed digital euro regulation, with discussions pointing to increasing convergence among European Parliament political groups on key elements of the text. Marco Pieroni, Head of the Digital Euro Unit, said the Bank's experience in operating critical Eurosystem payment infrastructures, including TARGET Instant Payment Settlement, provides the basis for its contribution to the platform. The digital euro regulation is currently being discussed by the European Parliament's Committee on Economic and Monetary Affairs, and participants said completion of the legislative process by 2026 is needed to keep to the overall project timeline, which envisages possible issuance of the digital euro in 2029.
Bank of Italy 2026-05-06
Bank of Italy outlines digital euro platform role and says one data centre will be located in Italy
The Bank of Italy outlined its role in designing and operating the digital euro platform at a European Parliament conference, confirming that one of the platform’s data centres will be located and managed in Italy. Officials highlighted the Bank’s experience with TARGET Instant Payment Settlement as a basis for its contribution and noted growing convergence among political groups on the proposed digital euro regulation, which is being examined by the Committee on Economic and Monetary Affairs with a timeline targeting possible issuance in 2029.