Update on the digital euro
09-04-2025 - 07:01
On 8 April 2025, from 15.30 to 16.30, Piero Cipollone, Member of the ECB Executive Board, presented to the ECON Committee an update on the developments of the digital euro project.
This appearance followed up on the last update provided in September 2024 by Mr. Cipollone to the ECON Committee.
The digital euro project is currently in the "preparation phase", which began in November 2023 and is set to end this year, in November. The ECB intends during this phase to prepare a draft digital euro scheme rulebook, to select potential providers for the digital euro platform and infrastructure, and to conduct further experimentation and stakeholder consultations to ensure the highest standards of quality, security, privacy and usability.
In parallel with the ECB's work, Parliament and Council are currently assessing the Commission's two legislative proposals for the establishment of the digital euro.
This exchange of views is expected to focus on the updates of the "preparation phase". It will also be an opportunity to discuss the policy choices related to the mentioned legislative proposals.
The digital euro project is currently in the "preparation phase", which began in November 2023 and is set to end this year, in November. The ECB intends during this phase to prepare a draft digital euro scheme rulebook, to select potential providers for the digital euro platform and infrastructure, and to conduct further experimentation and stakeholder consultations to ensure the highest standards of quality, security, privacy and usability.
In parallel with the ECB's work, Parliament and Council are currently assessing the Commission's two legislative proposals for the establishment of the digital euro.
This exchange of views is expected to focus on the updates of the "preparation phase". It will also be an opportunity to discuss the policy choices related to the mentioned legislative proposals.