BitRss.com latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

ECB Chief Christine Lagarde Says Decision on Fate of Digital Euro Approaching

ECB Chief Christine Lagarde Says Decision on Fate of Digital Euro Approaching
The European Central Bank (ECB) could soon take the first step toward launching a digital version of the euro.
In a new interview with Bloomberg TV, Lagarde says the ECB’s decision-making Governing Council will determine whether to move forward with development in mid-2021.

If a decision to move forward is reached, Lagarde says she expects it to kick off a development phase that will last years.
“We need to make sure that we do it right. We owe it to the Europeans… The whole process – let’s be realistic about it – will in my view take another four years, maybe a little more.”
The ECB plans to release an analysis of its public consultation process on the potential launch of a central bank digital currency (CBDC), which will then be reviewed by European Parliament.
The next decision, on whether to roll out a digital currency, will be made six months to a year after that.
“It’s a technical endeavor as well as a fundamental change. We need to make sure that we’re not going to break any system, but enhance the system.”
Lagarde says cash is not going anywhere, even after the launch of a digital euro, but she notes that consumer buying habits clearly changed due to the pandemic.
“The way which they’ve changed the way they buy, the way they order, get their food, the way they pay. It is moving in a digital dimension, which we should not be afraid of.”
Globally, several central banks are developing CBDCs, but only the Bahamas has actually launched a digital national currency, in October, 2020. Called the Sand Dollar, it is backed 1:1 to the Bahamian dollar (BSD), which, in turn, is pegged to the U.S. dollar.
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter , Facebook and Telegram

Surf The Daily Hodl Mix


Check Latest News Headlines

.dh_responsive {
padding: 0px 20px 0px 20px;
}
@media (max-width: 980px) {
.dh_responsive {
padding: 0px;
}
}




googletag.cmd.push(function() { googletag.display('div-gpt-ad-1597129173244-0'); });



Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/brownfalcon/Open Studio
The post ECB Chief Christine Lagarde Says Decision on Fate of Digital Euro Approaching appeared first on The Daily Hodl .

BitRss.com shares this Contents always with License.

Thank you for Share!

   
Tumblr
LinkedIn
Reddit
VK

WhatsApp
Telegram

Cool to know huh? Read the full Article

Cool huh? Please read the full Article: ECB Chief Christine Lagarde Says Decision on Fate of Digital Euro Approaching


Search about Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

Today Most Popular News