The Bank of Italy published an update noting that the European Parliament has approved the digital euro regulation at first reading, marking a further step in the European Union's work on a central bank issued digital form of the euro. It described the digital euro as an additional payment option alongside cash and existing private payment instruments, intended to preserve access to public money in electronic form while supporting Europe's autonomy in payments. The next stage is the trilogue among the European Parliament, the Council of the European Union and the European Commission, which is expected to begin by the end of July to prepare the final text of the regulation. The institutional objective is to complete the legislative process by the end of 2026. In parallel, the Eurosystem is continuing design and experimentation work, with the Bank of Italy involved in the technical preparation alongside the European Central Bank and other euro area central banks.
Bank of Italy2026-07-09
Bank of Italy highlights European Parliament first reading approval of the digital euro regulation
The Bank of Italy said the European Parliament has approved the digital euro regulation at first reading. Trilogue negotiations are expected to start by the end of July, with the legislative process targeted for completion by the end of 2026. In parallel, the Eurosystem is continuing technical design and experimentation work on the project.