“The timely adoption of a legal framework for the digital euro would give all stakeholders the necessary legal certainty to prepare for its possible introduction and send a strong signal of political support,” Lagarde said.
“I'm very much looking forward to the legislative proposal for establishing a digital Euro, which the European Commission will propose shortly,” she added.
The European Central Bank's digital euro project is centered around making central bank money digitally available. It launched an investigation into developing a central bank digital currency in 2021 and sought external opinions on the development of the digital euro, with public consultations, from April to June.
The two-year examination of the digital euro will conclude in September 2023, along with an indication of whether the European Central Bank will decide to launch a central bank digital currency.