Piero Cipollone, a member of the European Central Bank's Executive Board, announced that the digital euro could be launched by mid-2029. This follows a recent agreement among eurozone finance ministers to set limits on customer holdings, which Cipollone described as a "major breakthrough." Speaking at the Bloomberg Financial Future event, he noted that discussions among member states are progressing smoothly. The primary hurdle remains legislative support from the European Parliament. A progress report is due on October 24, after which members will have six weeks to propose amendments and five months for further discussion. The parliament's stance is expected by early May. Cipollone emphasized the need for an agreement among member states by the end of the year to maintain momentum.