Lagarde Thinks ECB Will Adopt Digital Currency
November 12th, 2020Via: Bloomberg:
European Central Bank President Christine Lagarde signaled that her institution could create a digital currency within years in what would be a dramatic change to the euro zone’s financial sector.
“My hunch is that it will come,” Lagarde said Thursday during a virtual panel discussion hosted by the ECB. “If it’s cheaper, faster, more secure for the users then we should explore it. If it’s going to contribute to a better monetary sovereignty, a better autonomy for the euro area, I think we should explore it.”
The president said it might be two to four years before the project could be launched as it addresses concerns over money laundering, privacy, and the technology involved.
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