this European Central Bank (ECB) You have published STI The third progress report The preparation phase for the digital euro begins on November 1, 2023.

The focus of this phase is to lay the foundation for the potential digital euro issuance.

since The second progress reportthe ECB has made further progress in the draft rulebook for the digital euro plan.

This rulebook is designed to standardize digital euro payments throughout the euro zone and provide a modern user-centered experience.

Including the opinions of the Rule Manual Development Team, a representative of the European Retail Payment Market, you have contributed to the improvement of the documentation.

The ECB workflow provides additional insights involving 50 Arund participants from over 30 organizations and expert meetings on topics such as risk and dispute management.

Meanwhile, the ECB has increased its efforts in experiments and user research to redesign digital euros to meet user needs.

Through the recently launched innovative platform, approximately 70 market participants have conducted OUTIC technology testing on features including conditional payments and explored possible use cases for integrating digital euros into a wider ecosystem.

The ECB also interacts with small businesses, vulnerable individuals and underrepresented groups through interviews, focus groups and collaborations with consumer organizations.

This study aims to redefine the digital euros evenly and accessible.

Discovery is expected to be released in the third quarter of 2025.

Continued participation with stakeholders remains a key element of the digital euro project.

You continue your outreach efforts through technical conferences, seminars, and the ECB that conducts personal consultations with market participants, retailers and consumers.

Pay special attention to the operation of digital euros in the existing European payment environment with the aim of complementing private sector solutions.

As the legislative discussion progresses, the ECB has updated by providing technical advice to EU institutions and sharing updates through the European Archipelago and the European Parliament with the ECB Finance Minister.

“We are pleased to see that as we continue to work hard, we strive to gradually promote the demands of EU leaders to accelerate progress in the digital euro,” he said.

Executive Board member Piero Cipollone said his senior task force chaired the Digital Euro.

“In view of today’s geopolitical and economic challenges, we welcome the ambitious pace of legislative work.”

The Digital Euro Project is a collaborative program involving the European Central Bank, national central banks, industry players, consumer advocates and policy makers.

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