Christine Lagarde Makes It Official: European Central Bank Exploring Launch of Digital Currency

CRYPTONAIRE LYWEEK CRYPTO investment journal

European Central Bank (ECB) president Christine Lagarde has officially announced the launch of public consultations to explore the feasibility of issuing a digital euro.

After publishing a comprehensive report on the possible issuance of a digital euro on October 2nd, Christine Lagarde says the ECB is now ready to engage with the broader European community to assess their needs and expectations of a digital currency.

“We’ve started exploring the possibility of launching a digital euro. As Europeans are increasingly turning to digital in the ways they spend, save and invest, we should be prepared to issue a digital euro, if needed.

I’m also keen to hear your views on it”.

Lagarde’s announcement also arrives on the heels of ECB executive board member Fabio Panetta’s statement regarding the need for a digital Euro at the Committee on Economic and Monetary Affairs of the European Parliament.

“We do not have a digital currency issued by the central bank that we can use for all our daily transactions. A digital euro would fill this gap and be a digital equivalent of euro banknotes. It would complement cash, not replace it.” Read more...