此外，Source: Blockchain Knight.
The European Central Bank (ECB) has released the second progress report on the development of the digital euro central bank digital currency (CBDC), outlining the progress made in the preparation phase and mentioning a prototype for 2025.
In its report, the European Central Bank reiterated its commitment to providing a secure and efficient digital payment solution, while complementing cash to ensure currency stability.
In addition, the digital euro is seen as a way to enhance the competitiveness of the euro in the future financial system.
The digital euro aims to support the European Union's digital economy by providing a reliable digital payment method that can be widely accepted by consumers, businesses, and governments across the region.
The progress report of the European Central Bank mainly focuses on two aspects: technological and legal aspects, as well as the ongoing public consultation process.
Over the past year, the European Central Bank has made significant progress in addressing the technical aspects of the digital euro, including improvements in infrastructure, security features, and integration with existing payment systems.
The European Central Bank has also been closely collaborating with stakeholders, including financial institutions, academia, and policymakers, to ensure the seamless integration of the digital euro into the current monetary and economic framework.
The report also emphasizes the importance of ensuring privacy protection and compliance with European Union regulations such as the General Data Protection Regulation (GDPR) when designing the digital euro.
In addition, the document also introduces the latest developments in the ongoing public consultation, which has attracted great interest from citizens, businesses, and institutions.
Currently, the European Central Bank has received feedback on a wide range of issues, including how the digital euro can improve payment efficiency, potential risks to financial stability, and concerns about privacy and cybersecurity.
It is expected that the results of the consultation will play a crucial role in the development of the next phase of the digital euro project.
The European Central Bank emphasizes that public opinion is crucial in determining the final design and implementation of the digital euro.
Looking ahead, the European Central Bank is focusing on preparing for the next phase of the digital euro project, which will involve more detailed design work and pilot testing.
The central bank plans to start testing the prototype of the digital euro in 2025. Based on the results of the current development phase, the currency may be launched in the following years.
While the European Central Bank has not yet determined a specific timeline for the launch of the digital euro, it remains committed to ensuring that the introduction of the digital euro can support the stability and security of the European financial system.
