With other countries seriously considering this direction, the EU has finally start its Digital Euro (CBDC) project. It will take them 2 years to explore the potential of such a currency, and if they decide to actually apply it, they say it would take them at least 5 years to officially launch it.
The digital euro will only give more control to the fiat system. The main goal seems to be to eliminate Bitcoin as a potential threat. Their plan is to terminate anonymous cash transactions at the beginning and then attack all decentralized cryptocurrencies so that they can Can control our income and what we buy with their central bank digital currency. This currency must prove its technical feasibility on the same basis as distributed cryptocurrencies. Therefore, it cannot achieve the best balance between utility, efficiency and trust, and it will take several years to release something feasible to the public.