PANews reported on February 11 that, according to Bloomberg, the European Parliament passed an amendment on Tuesday supporting the issuance of a digital euro with both online and offline functionality, a departure from the project's chief legislative rapporteur's previous stance of only supporting an offline version. The parliamentary statement noted that the digital euro is "crucial for strengthening EU monetary sovereignty, reducing fragmentation in retail payments, and maintaining the integrity and resilience of the single market." The resolution emphasized that if the digitization of payments is entirely dominated by private and non-EU institutions, it could lead to new risks of exclusion for users and merchants.
According to legislative procedures, the Committee on Economic and Monetary Affairs will vote on the proposal in early May. If the Council of the European Union and the European Parliament can reach an agreement next year, the European Central Bank may launch a pilot program in 2027 and officially launch the digital euro in 2029.


