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European Central Bank President Bets Digital Currency For The Euro Zone Will Come In The Next Few Years
Summary: European Central Bank President Christine Lagarde indicated that the bank may issue a digital currency within the next few years during a virtual panel discussion on Thursday hosted by the European Central Bank. She added that if a digital currency offers a cheaper, faster, more secure options for consumers then the bank should explore the option. ...
European Central Bank President Christine Lagarde indicated that the bank may issue a digital currency within the next few years during a virtual panel discussion on Thursday hosted by the European Central Bank.
She added that if a digital currency offers a cheaper, faster, more secure options for consumers then the bank should explore the option. Additionally, if a digital currency could contribute to a better monetary sovereignty and a better autonomy for the euro area then it is worth exploring. She stated her hunch is that a central bank digital currency for the euro zone will come.
However, the project would take two to four years while researchers ironed out privacy, money laundering and technology concerns.
By Emily Mason
Tags: CBDC,Central Bank Digital Currency,Christine Lagarde,Euro,European Central Bank
Link: European Central Bank President Bets Digital Currency For The Euro Zone Will Come In The Next Few Years [Copy]
