The European Central Bank recently clarified that the technical and institutional preparations for the digital euro are essentially complete. Whether to launch it officially is no longer a technical issue but has entered the stage of political and legislative decision-making. Currently, the project is under review by the European Council and the European Parliament, with the final decision-making authority transferred to the EU legislative bodies. European Central Bank President Christine Lagarde stated in a recent announcement that the central bank has completed all preliminary design and system construction work, including the operational framework and risk prevention mechanisms. "The next step will be for the European Council and the European Parliament to decide whether to adopt the European Commission's proposal and whether it needs to be modified and transformed into formal legislation." She emphasized that the digital euro is technically "ready to be launched at any time."