See ECB (2022), Progress on the investigation phase of a digital euro, September; ECB (2022), Progress on the investigation phase of a digital euro – second report, December; ECB (2023), Progress on the investigation phase of a digital euro – third report, April; and ECB (2022), Letter from Fabio Panetta to Ms Irene Tinagli on progress reporting on the investigation phase of a digital euro, 14 June.
The first report covers topics such as the transfer mechanism, privacy and tools to control the amount of digital euro in circulation. The second report focuses on the roles of intermediaries, a settlement model, funding and defunding and a distribution model for the digital euro. The third report covers the Eurosystem’s views on accessing the digital euro, holdings, onboarding, distribution aspects, services and functionalities.