Seven months later, and Piero Cipollone, ECB executive board member and chair of the High-Level Task Force for the digital euro, says preparations are “progressing well”.
Set to last for two years, the ECB is currently using the project’s preparation phase to identify providers for the digital euro’s supporting platform, to establish a technology rulebook, and to ensure compliance with the requirements of the Eurosystem, among other initiatives.
According to the progress report, multiple elements of the phase’s remit are showing good signs of development.
