9 April 2025
The European Central Financial institution (ECB) as we speak printed its fourth report outlining the progress made by the digital euro Rulebook Development Group (RDG) in growing a draft digital euro scheme rulebook. The rulebook goals to harmonise digital euro funds throughout the euro space by way of a single algorithm, requirements and procedures.
Following the final replace in September 2024, the fourth report outlines the progress made in three key areas by the RDG, which represents shoppers, retailers and fee service suppliers, with members of central banks and EU establishments collaborating as observers. First, present rulebook sections have been up to date to replicate greater than 2,000 feedback obtained as a part of the RDG’s interim evaluation in 2024. Second, progress has been made in further areas of the rulebook in collaboration with market individuals by way of devoted workstreams. Third, the RDG has been concerned in growing key topic areas by way of professional classes. The ECB welcomes the dear contributions made by market individuals which have helped make progress in growing the rulebook, which is now being ready for the following interim evaluation by the RDG.
The report additionally gives an replace on the RDG workstreams since September 2024, together with the lively workstreams on model guidelines, danger administration and front-end and back-end implementation specs.
The draft digital euro rulebook will likely be sufficiently versatile to accommodate any future changes in accordance with the result of the digital euro legislative course of. A doable determination by the ECB’s Governing Council to problem a digital euro would solely be taken after the legislative act has been adopted.
