The European Central Bank published the fourth progress report on work by the Digital Euro Rulebook Development Group to develop a draft scheme rulebook intended to harmonise digital euro payments across the euro area through a single set of rules, standards and procedures. Since the previous update in September 2024, the report highlights three main areas of progress: updates to existing rulebook sections reflecting more than 2,000 comments from the group’s 2024 interim review, further drafting in additional areas through workstreams with market participants, and development of key subject areas via expert sessions. It also summarises ongoing workstreams, including brand rules, risk management, and front-end and back-end implementation specifications. The group comprises representatives of consumers, retailers and payment service providers, with central banks and EU institutions participating as observers. The draft rulebook is being prepared for the group’s next interim review and is designed to remain adaptable to changes resulting from the digital euro legislative process. Any potential decision by the ECB’s Governing Council to issue a digital euro would only follow adoption of the relevant legislative act.
European Central Bank 2025-04-09
European Central Bank publishes fourth progress report on the draft digital euro rulebook after incorporating over 2,000 stakeholder comments
The European Central Bank released the fourth progress report on the Digital Euro Rulebook Development Group's efforts to draft a scheme rulebook for harmonising digital euro payments across the euro area. Key progress includes updates to rulebook sections, further drafting through workstreams, and development of subject areas via expert sessions. The draft rulebook is adaptable to legislative changes, with any issuance of a digital euro contingent on the ECB Governing Council's decision following legislative adoption.