The European Central Bank (ECB) has released a report outlining the progress made by the Rulebook Development Group (RDG) in the development of the digital euro scheme. The RDG has drafted the initial chapters of the digital euro rulebook, aligning with the legislative proposal and design decisions approved by the ECB’s Governing Council. This first draft covers the functional and operational models, technical scheme requirements, and the adherence model for scheme members. RDG members, representing consumers, retailers, and intermediaries, have been actively involved in preparing these chapters and have provided feedback for an interim review. The draft rulebook will be flexible to accommodate future adjustments and will be updated according to the digital euro legislative process. The RDG will continue its work to finalize the rulebook, including additional sections on user experience, branding and communication standards, certification, testing and approval procedures, internal rules, risk management, and interoperability and implementation specifications.
HomeCBDCDigital Euro UpdatesLatest Progress Report from the Digital Euro Scheme's Rulebook Development Team