According to the source, the European Central Bank signaled the digital euro is ready to advance, with the go or no-go now shifting to the European Parliament and Council under the European Commission’s 2023 digital euro regulation proposal. Source: European Central Bank; European Commission 2023 digital euro proposal. The ECB had already moved into a preparation phase in October 2023 to develop rulebooks and procure core components, indicating an implementation track that can proceed once legislation is adopted. Source: European Central Bank digital euro preparation phase announcement on 18 October 2023. For crypto markets, the outcome will operate alongside MiCA’s stablecoin regime that has applied since 2024, shaping treatment of euro‑denominated tokens and payment flows on EU‑regulated venues. Source: Regulation (EU) 2023/1114 MiCA; European Commission 2023 digital euro proposal.