Within the current "investigation phase", experts from the ECB and the national central banks are working together on aspects such as use cases, functionalities and design choices or business options for intermediaries. We will pay particular attention to ensuring that all citizens have access to a digital euro. In this context, an offline functionality would be important.
However, high safety standards would need to be met. It is absolutely necessary for such a system that any risk of fraud and counterfeits are mitigated as much as possible. And we would also have to ensure that any offline approach is in line with applicable anti-money laundering regulation.