The Journey to a Digital Euro: Balancing Privacy and Transparency
The head of the European Central Bank (ECB) Christine Lagarde noted the advantages of state digital currencies and expressed concerns about the spread of stablecoins.
The head of the International Monetary Fund (IMF), Christine Lagarde, spoke optimistically about the cryptocurrency, saying that they "do not pose an immediate danger," and their regulation is appropriate "in a balanced manner."
Christine Lagarde, head of the International Monetary Fund (IMF), warned that central banks and financial services should pay attention to crypto-currencies. In an interview with CNBC at the annual IMF meetings in Washington, DC, Lagarde said: "I think that we will see massive shifts". According to Lagarde, the Crypto-currencies can play a future role in the renewal of the IMF's own domestic currency, the reserve asset of which is called Special Drawing Right (SDR). What we will learn is how this currency, special drawing rights, can actually use this technology to be more efficient and less expensive.
Managing director of the International Monetary Fund, Christine Lagarde, decided to warn the central banks about the increase in the distribution of Bitcoin. She recommended not leaving digital currencies without attention, as their popularity is constantly growing. Lagarde addressed this issue at a conference that took place last Friday in London. In particular, she said that digital currencies can make "good competition" traditional. Digital currencies are still young.
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