Digital Money Statement from the President of the European Central Bank!

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In addition to Bitcoin (BTC) and other crypto currencies, the influence of Libra in particular has put many central banks at alarm level. The European Central Bank and its new chairman Christine Lagarde are certainly not indifferent.

European Central Bank


(Thread) In an interview with @Challenges magazine President @Lagarde discussed topics including a new policy mix for Europe, the need to bring the ECB closer to people, climate change, low rates and cryptocurrencies.

We Want to Play an Active Role in Crypto Coins
In an interview with the Challenges, Lagarde touched upon many issues, particularly crypto currencies. Stating that he wanted to bring the European Central Bank closer to the people, Lagarade also gave moderate messages about crypto currencies. The ECB President has hinted that work is under way for a central bank money that people can use even if their physical and nominal money use continues to decline. Lagarde underlined the applicability and benefit analysis of a possible central bank digital currency and underlined that they want to play an rol active role da in this regard.

Although Lagarde plays a moderate role, there are those who disagree with him. Agustin Carstens, President of the International Payments Bank (BIS) in particular, said that there should be no compromise on crypto currency. Carstens also considers central banks' digital money initiatives as dangerous.


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