The European Central Bank (ECB) published its third report outlining the progress of the digital euro scheme Rulebook Development Group (RDG) in developing a draft digital euro rulebook, consisting of a single set of rules, practices and standards for the harmonisation of digital euro payments across the euro area.
Following the last update from January 2024, the report provides a detailed overview of the comprehensive feedback that RDG members – representing consumers, retailers and payment service providers – gave on a preliminary draft of the digital euro rulebook, which was shared within the RDG for an interim review at the end of last year.
The report also provides an update on the seven new workstreams launched in May 2024 to focus on key areas of the rulebook, including minimum user experience standards and risk management, which were not included in the interim draft commented on by RDG members earlier in the year.