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  • MIP NEWS

Creation of seven additional workstreams of the digital euro Rulebook Development Group (deadline extended to 23 April 2024)

18 March 2024

The European Central Bank (ECB) is establishing seven new workstreams to develop the digital euro rulebook and has issued calls for candidates for each, inviting leading experts in payments infrastructure and architecture, technical specifications and scheme management to apply. Each applicant will need to be nominated by a member of the Rulebook Development Group (RDG).

The workstreams will report to the RDG (representing consumers, retailers, and intermediaries) in order to assist it in drafting various sections of the digital euro rulebook. The rulebook sets out the framework for a new digital form of the euro which complements cash and which consumers and businesses can use throughout the euro area. The development of the digital euro rulebook is being supported by workstreams focusing on specific topics and involving market participants and Eurosystem representatives. Last year three workstreams were launched, covering the scheme’s compatibility with standards, as well as technical requirements, and identification and authentication. The Eurosystem is now inviting applications for positions in the following workstreams:

Candidates who meet the eligibility criteria detailed in the calls for applications should submit the requisite documents via email to DigitalEuro-RBD@ecb.europa.eu by 23 April 2024.

The draft rulebook will be sufficiently flexible to accommodate any future adjustments and will be updated in accordance with the outcome of the digital euro legislative process. A possible decision by the ECB’s Governing Council to issue a digital euro would only be taken after the legislative act has been adopted.