Progress on the preparation phase of a digital euro : third progress report

On 1 November 2023 a two-year preparation phase was launched to lay the groundwork for the potential issuance of a digital euro. The primary objectives during this phase include providing a draft digital euro scheme rulebook, selecting potential providers for the digital euro platform and infrastructure, and conducting further experimentation and stakeholder consultations to ensure a digital euro would meet the highest standards of quality, security, privacy and usability. This report summarises the progress of the digital euro project from November 2024 to April 2025, confirming that key milestones and deliverables remain on track.