CryptoMediaClub
Thursday, October 2, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

ECB Releases Second Progress Report on Digital Euro Project

03.12.2024
A A
0
119
VIEWS
ShareShare

The European Central Bank (ECB) released its second progress report on the digital euro project on Monday, detailing efforts to create a unified digital payment system for the euro area.

ECB updates the digital euro rulebook following a joint review with consumers, retailers, and payment service providers. The report highlights key developments, including updates to the digital euro scheme rulebook and steps toward selecting potential service providers for its implementation.

The Road to a Digital Euro: ECB Gathers Insights and Innovates with Test Payments

According to the report, this phase is focused on laying the groundwork for a potential digital euro issuance.

Since releasing the first progress report, the ECB has updated its digital euro scheme rulebook.

The update aims to harmonize digital euro payments across the euro area and follows an interim review involving consumers, retailers, and payment service providers.

Since May 2024, we have:
Assessed user needs for the digital euro’s design
Made progress on the selection of digital euro component providers
✅ Continued developing the digital euro rulebook
Read our latest progress report https://t.co/YA1hzZq2q1 pic.twitter.com/6TxhcJjqAb

— European Central Bank (@ecb) December 2, 2024

Seven new workstreams launched in May 2024 contributed to the updated draft. These workstreams focus on areas such as minimum user experience standards and risk management.

Over the coming months, the ECB will conduct online surveys and interviews to gather insights into public preferences. Special target groups, such as small merchants and vulnerable consumers, are being prioritized.

To further explore the potential of a digital euro, the ECB is forming partnerships with merchants, fintech companies, universities, and other stakeholders.

An outcome report detailing these activities is expected in July 2025.

What’s Next for the Digital Euro? ECB Reveals Plans and Partnerships as 2025 Deadline Nears

The ECB has also concluded a call for applications to identify potential providers for the digital euro’s components and services.

This selection process, launched in January, has reached the evaluation phase. Once finalized in 2025, the results will be published on the ECB’s website.

Features such as fair transaction fees, high consumer privacy, and support for the European payments ecosystem show its potential impact.

While the project began in July 2021, progress has been slow, with delays in establishing the necessary legal framework.

Nearly 17 months after the European Commission’s proposal, the framework remains incomplete, raising concerns among ECB officials.

Globally, 134 countries, representing 98% of the world’s economy, are exploring Central Bank Digital Currencies (CBDCs), with 66 already in pilot stages.

While the ECB continues to refine its approach, the final decision on launching a digital euro rests with the ECB’s Governing Council and will depend on legislative developments.

The post ECB Releases Second Progress Report on Digital Euro Project appeared first on Cryptonews.

Share9Tweet6ShareSharePin2

Related Posts

Bo Hines Sheds Light on GENIUS Stablecoin Project, Calls it “First Piece of the Puzzle”
All news

Bo Hines Sheds Light on GENIUS Stablecoin Project, Calls it “First Piece of the Puzzle”

02.10.2025
0

Bo Hines takes pride in crafting one of the leading crypto regulations in the US – the GENIUS Act. Speaking...

Read moreDetails
Crypto Exchange Bullish Launches in 20 US States After Securing New York BitLicense

Crypto Exchange Bullish Launches in 20 US States After Securing New York BitLicense

02.10.2025
Bitcoin Breaks $118K As ‘Uptober’ Rally Takes Hold On Dollar Weakness

Bitcoin Breaks $118K As ‘Uptober’ Rally Takes Hold On Dollar Weakness

02.10.2025
Japanese Loans Giant MBK Announces $2M Bitcoin Purchase, Crypto Exchange Deal

Japanese Loans Giant MBK Announces $2M Bitcoin Purchase, Crypto Exchange Deal

02.10.2025
Bitcoin Price Prediction: Can BTC’s $118K Breakout Rally Hit $124K Next?

Bitcoin Price Prediction: Can BTC’s $118K Breakout Rally Hit $124K Next?

02.10.2025
Load More
Next Post
Parody Of Enron Relaunch Makes Waves On Social Media

Parody Of Enron Relaunch Makes Waves On Social Media

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

UN Creates DAO for Public Sector

UN Creates DAO for Public Sector

2 years ago
Tether (USDT) Market Capitalization Surges to $81.5 Billion, Nearing All-Time High

Tether (USDT) Market Capitalization Surges to $81.5 Billion, Nearing All-Time High

2 years ago
Bitcoin Price Prediction: Satoshi-Era Whale Exit Fuels Volatility — What’s Next?

Bitcoin Price Prediction: Satoshi-Era Whale Exit Fuels Volatility — What’s Next?

2 months ago
Bitcoin mining and increasing energy bills — Sen. Warren vs Crypto Twitter

Bitcoin mining and increasing energy bills — Sen. Warren vs Crypto Twitter

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Japanese Loans Giant MBK Announces $2M Bitcoin Purchase, Crypto Exchange Deal

Why did the crypto market pump today? Everything that helped the leg-up

Bitcoin Price Prediction: Can BTC’s $118K Breakout Rally Hit $124K Next?

Bitcoin rally looms with projections hinting at $200,000 surge

Perplexity AI Predicts Explosive Gains for XRP, Cardano and Dogecoin by the End of 2025

Will a US data blackout shove more money into Bitcoin?

Trending

Bo Hines Sheds Light on GENIUS Stablecoin Project, Calls it “First Piece of the Puzzle”
All news

Bo Hines Sheds Light on GENIUS Stablecoin Project, Calls it “First Piece of the Puzzle”

02.10.2025
0

Bo Hines takes pride in crafting one of the leading crypto regulations in the US – the...

Crypto Exchange Bullish Launches in 20 US States After Securing New York BitLicense

Crypto Exchange Bullish Launches in 20 US States After Securing New York BitLicense

02.10.2025
Bitcoin Breaks $118K As ‘Uptober’ Rally Takes Hold On Dollar Weakness

Bitcoin Breaks $118K As ‘Uptober’ Rally Takes Hold On Dollar Weakness

02.10.2025
Japanese Loans Giant MBK Announces $2M Bitcoin Purchase, Crypto Exchange Deal

Japanese Loans Giant MBK Announces $2M Bitcoin Purchase, Crypto Exchange Deal

02.10.2025
Why did the crypto market pump today? Everything that helped the leg-up

Why did the crypto market pump today? Everything that helped the leg-up

02.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz