'So is it a threat? Yes. Has it … been a threat in the past? Yes.' lagarde said talking about cryptocurrencies at the BIS_org Innovation Summit on Tuesday. camomileshumba iamsandali report
, Lagarde said that sentiment might have changed due to a number of reasons, including pressure from customers.“Yes, there is urgency, and we need to do real solid work to respond to the needs that are out there," Lagarde said on Tuesday.
The digital euro needs to be “operational, faster, easier, cheaper, more secure across the whole of Europe,” Lagarde said, adding that a digital currency should improve inclusion and support financial stability. However, the goal of a digital currency is not a monetary policy instrument or a means to eliminate cash, she noted.
Lagarde added that the ECB wants to prevent other players from taking sole advantage of the digital world and that the ECB is on track to complete its digital euro project in two years.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
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