PRESS RELEASE
Eurosystem proceeds to next phase of digital euro project
18 October 2023
    Governing Council to start digital euro preparation phase following conclusion of two-year investigation phase on design and distribution of a digital euro
    Preparation phase will lay foundations for a potential digital euro, with work to include finalising rulebook and selecting providers to develop platform and infrastructure
    Preparation phase will pave way for potential future decision on issuing a digital euro
... The launch of the preparation phase is not a decision on whether to issue a digital euro. That decision will only be considered by the Governing Council once the European Union’s legislative process has been completed. The ECB will take into account any adjustments to the design of the digital euro that may become necessary as a result of the legislative deliberations.
The Governing Council of the European Central Bank