Christine Lagarde, President of the European Central Bank (ECB), made statements on the “digital euro” at the Frankfurt Forum.
ECB President September 28 Speaking on the US-European GeoEconomy at the Frankfurt Forum of the Atlantic Council on digital euro He also gave some explanations about it.
Lagarde, the digital euro does not recognize geopolitical or political boundaries also appropriately regulation and control stated that it should. About the anatomy of money “Digital banknote with less anonymity” used the phrases. Although digital assets are still a new asset class, cross-border payments can greatly facilitate Therefore, he stated that sufficient attention should be given. Lagarde as well as European authorities before issuing a digital euro with the United States and other sovereigns. He said it would be appropriate to consult.
Although the ECB is halfway through the two-year research process on the digital euro, it has yet to issue a digital euro. did not decide. Lagarde argues that the adoption of the digital euro as an official currency by a country from potential consequences although he does not mention risks of currency substitution before too ECB was handled by. In addition, the European Central Bank for digital euro applications to work on prototypes had assigned five payment providers.
On the other hand, ECB Administrator Fabio Panetta said that the digital euro non-European residents by introducing regulations on the use of the digital euro and preventing the replacement of other investment instruments stated that it should.