Digital euro scheme rulebook

A digital euro scheme rulebook will lay out a single set of rules, standards and procedures that supervised intermediaries would have to follow when distributing a digital euro. This is the best option for achieving the objectives of a digital euro and harnessing the strengths of the public and private sectors.

Rulebook Development Group

The Rulebook Development Group was established to obtain market input and gain an industry perspective on the draft digital euro rulebook. It is assisting the Eurosystem in developing a rulebook for a digital euro scheme.

The group includes senior professionals from the public and private sectors with experience in finance and payments.

Members from the private sector are nominated by different European stakeholder associations in the euro area retail payments market. Each member represents a particular association.

What will be the scope of the digital euro rulebook?

The digital euro rulebook will include the following aspects:

• functional and operational model of a digital euro (e.g. end-to-end flows, core requirements for supervised intermediaries, minimum user experience standards, etc.);
• adherence model of the digital euro scheme (e.g. scheme eligibility criteria, participant obligations, etc.);
• technical scheme requirements (e.g. IT infrastructure, application programming interface implementation, technical standards, etc.);
• risk management requirements;
• digital euro scheme management rules (e.g. scheme governance, change management processes, etc.).