The European Central Bank published the draft outcome of the 19th meeting of the digital euro scheme Rulebook Development Group, outlining the 2025 workplan for developing and reviewing the scheme rulebook and summarising progress across key policy and technical workstreams. The update covers the planned sequencing of rulebook sections and indicates that topics such as mandatory digital euro services and use cases, liquidity management requirements and offline functionality will be addressed in upcoming meetings, with offline provisions described as dependent on provider selection. It also summarises discussions with standardisation bodies, including ongoing engagement with the European Payments Council (EPC) on potential re-use of SCT Inst and other EPC technical standards, and a latency expert session focused on end-to-end flow TM-1.2 for online contact and contactless point-of-sale payments. Further work includes a follow-up on how EU legislation and related sanction checks could apply, continued development of dispute management including arbitration and commercial disputes, updates to the services overview and end-to-end flows mapping, and a first draft of Annex B2 on testing and certification alongside sprint reports on a certification and approval framework. New and ongoing workstreams reported include a kick-off of branding rules, interim fraud-risk recommendations such as using Merchant Category Codes and enhanced due diligence for high-risk merchants, front-end specifications including the DEAN structure, and preparation to start work on DESP settlement interfaces. Next steps include written feedback from members on the sprint reports and Annex B2, possible additional expert sessions following input on the latency analysis, an expert session in January 2025 on dispute management questions, and the next RDG meeting scheduled for 4 February.
European Central Bank 2025-02-04
European Central Bank publishes outcome of digital euro Rulebook Development Group meeting and outlines 2025 rulebook workplan
The European Central Bank released the draft outcome of the 19th meeting of the digital euro scheme Rulebook Development Group, detailing the 2025 workplan for rulebook development and review. Key areas include mandatory digital euro services, liquidity management, offline functionality, and engagement with standardisation bodies like the European Payments Council. The update also covers ongoing workstreams such as fraud-risk recommendations, dispute management, and certification.