Christine Lagarde said that in the coming weeks the European Central Bank will reveal the results of itsresearch on the possibility of launching your own cryptocurrency.
The European Central Bank (ECB) continues towork in the field of the digital euro and in the coming weeks the department will report on its results, said ECB President Christine Lagarde. Further actions and the possibility of launching a European cryptocurrency are subject to discussion, writes Bloomberg.
“Until we made a decision to release digitalEuro. But, like other central banks, we are carefully studying this issue. The results of the working group will be presented in the coming weeks, after which a public discussion will begin, ”says Lagarde.
She confirmed that in the event of a digital releaseeuros, it will be used by residents of the region, including for retail payments. The ECB first announced the study of national cryptocurrencies in January this year. The reason for this was the need of the population for fast and cheap payments, which especially plays a role in cross-border transfers.
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