European Central Bank President: Digital Euro Issuance Pending EU Legislation Approval

According to Bitcoin.com, European Central Bank President Lagarde stated that the ECB is nearing completion of preparations for the issuance of a digital euro and is currently awaiting legislative approval. Lagarde said that the plan stems from changes in the payment habits of consumers in the eurozone - some people prefer electronic payments, while another group still relies on cash, so the digital euro will circulate in parallel with paper currency, and a new version of paper currency will also be issued in the coming years. The European Central Bank aims to build a unified cross-border payment system through the digital euro, covering individuals, businesses, and online transaction scenarios, but emphasizes its positioning as a supplement rather than a replacement for existing payment tools. The project was launched six years ago and is currently technically ready. The implementation progress depends on the EU legislative process.