The European Central Bank published the outcome of the 21st meeting of the Digital Euro Scheme Rulebook Development Group (20 March 2025), setting out progress across key rulebook dossiers and related implementation specifications for the digital euro. Updates covered identification rules, including the introduction of a digital euro account number (DEAN) and the use of aliases as alternative user identifiers, alongside discussion of whether and how the DEAN would appear on a card. Work advanced on environmental footprint requirements for the digital euro service platform (DESP), including a methodology to calculate footprint and the potential use of Corporate Sustainability Reporting Directive (CSRD) data and other existing sources to reduce payment service provider (PSP) reporting costs. The ECB also shared draft fraud rules (including merchant due diligence by PSPs, payment authentication and interaction with the DESP Risk and Fraud Management component) and work on operational risk management spanning business continuity, cyber and ICT risk, and third-party risk, with emphasis on leveraging existing legislation while addressing digital euro-specific risks. Other items included updated user journeys and planned updates to end-to-end flows for consistency, technical dispute management scenarios and evidence requirements, ongoing brand rules research, accessibility and inclusion considerations, and draft front-end and back-end implementation specifications covering e-commerce and m-commerce, recurring payments, pre-authorisation, and interfaces to settlement, fraud risk, dispute management and data exchange services. Next steps include an ECB presentation of draft operational risk rules at a forthcoming meeting and an RDG review of the full updated set of end-to-end flows.
European Central Bank 2025-05-06
European Central Bank publishes Digital Euro Rulebook Development Group outcome covering identification, fraud and implementation specifications
The European Central Bank released results from the 21st meeting of the Digital Euro Scheme Rulebook Development Group, detailing progress on rulebook dossiers and implementation specifications. Key updates include a digital euro account number, environmental footprint requirements, draft fraud rules, and operational risk management. The ECB plans to present draft operational risk rules and review updated end-to-end flows in upcoming meetings.