March 29, 2024

Christine Lagarde: EU prepares digital euro statement

Christine Lagarde: EU prepares digital euro statement

The head of the European Central Bank, Christine Lagarde, said that the Central Bank will soon issue a statement on digitalEurozone currency.

For the first time, such an initiative was announced a couple of months ago. The head of the bank said Thursday:

The European Union has not yet adoptedfinal decision – whether to issue a digital euro or not. Like many other banks around the world, we are exploring the benefits, opportunities, risks and challenges associated with digital currency adoption.

She added:

In the coming weeks, we will present the results of our work and give the public an opportunity to discuss them.

As Lagarde noted, many central banks, includingThe ECB are working on their own projects on digital currencies. She emphasized that if the digital euro is released, all residents of the eurozone will have access to it.  

We have a responsibility – ensure that all our citizens have choice and are not excluded from the payments ecosystem due to the unilateral actions of others.

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Based on materialshttps://www.bloomberg.com/news/articles/2020-09-10/lagarde-says-euro-zone-will-reveal-view-on-digital-currency-soon?srnd=cryptocurrencies