ECB publishes first progress report on digital euro preparation phase

• ECB designing high privacy standards to make online and offline digital payments as close as possible to cash transactions
• ECB started work on designing methodology for calibrating digital euro holding limits
• ECB continues to provide technical input to legislative discussions with European co-legislators

The European Central Bank (ECB) today published its first progress report on the digital euro preparation phase, which was launched on 1 November 2023 with the aim of laying the foundations for the potential issuance of a digital euro.
The report outlines the progress made on key digital euro design aspects and the envisaged next steps for the project.