PRESS RELEASE - European Central Bank joins the Berlin Group as Observer Participant

Today, the Berlin Group announces that the European Central Bank (ECB) has joined the initiative as a non-voting observer participant. The ECB's participation reflects the growing recognition of the importance of open, interoperable European standards in the evolving payments landscape. It is consistent with the strong recommendation in the draft digital euro regulation to leverage open European standards that foster interoperability. As an observer participant, the ECB will engage in the Berlin Group's standards development process.

The full text of the press release can be found here.