Express
President Of The ECB Sees Digital Euro Helpful While Stablecoins "Pose Serious risks"
Summary: Christine Lagarde, the president of the European Central Bank published an article in L’ENA hors les murs magazine today, the president presents many optimistic advantages of the digital euro, in contrast, the crypto-assets and tablecoins "pose serious risks." Lagarde thinks the main risk of crypto-assets lies in highly volatile, illiquid and speculative features. As to stablecoins, Lagarde ...
Christine Lagarde, the president of the European Central Bank published an article in L’ENA hors les murs magazine today, the president presents many optimistic advantages of the digital euro, in contrast, the crypto-assets and tablecoins "pose serious risks."
Lagarde thinks the main risk of crypto-assets lies in highly volatile, illiquid and speculative features. As to stablecoins, Lagarde says: "particularly those backed by global technology firms could also present risks to competitiveness and technological autonomy in Europe, as they would attempt to leverage their competitive advantage and control of large platforms. Their dominant positions may harm competition and consumer choice, and raise concerns over data privacy and the misuse of personal information."
By Mary Liu
Tags: Christine Lagarde,Digital Euro,ECB,Stablecoin
Link: President Of The ECB Sees Digital Euro Helpful While Stablecoins "Pose Serious risks" [Copy]
