The European Central Bank (ECB) has released a report providing an update on the progress of the digital euro scheme’s Rulebook Development Group (RDG). The RDG has completed the initial chapters of the digital euro rulebook, which align 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. The RDG has involved various stakeholders in the preparation of these chapters and is seeking feedback for further adjustments. The draft rulebook will be flexible to accommodate future changes and will be updated based on the digital euro legislative process. The RDG will continue its work to finalize the rulebook, including 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