European Central Bank Report: Preparations for the digital euro are still ongoing, focusing on limited holdings and privacy issues

ChainCatcher news, according to The Block, the European Central Bank (ECB) has released the second progress report on the digital euro project, focusing on updates to the CBDC rulebook, including user experience standards and risk management frameworks. The report indicates that the ECB will conduct an online survey targeting small merchants and vulnerable consumers in the coming months, with results expected to be published in mid-2025.

The ECB stated that it will collaborate with key stakeholders, including merchants, payment service providers, fintech companies, and universities, to establish innovative partnerships to test conditional digital euro payments.

Meanwhile, the European Central Bank has also completed a call for applications launched in January this year to select potential digital euro components and related service providers. The results of this process will be published on the ECB's website after finalization in 2025.