Lagarde in favour of a crypto friendly European Central Bank?
Crypto

Lagarde in favour of a crypto friendly European Central Bank?

By Amelia Tomasicchio - 3 Jul 2019

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Christine Lagarde has been appointed head of the European Central Bank (ECB), replacing Mario Draghi, and this could lead to a more crypto friendly environment.

Lagarde, in fact, has always declared herself in favour of blockchain and cryptocurrencies, as also recalled on Twitter by the famous trader Alex Kruger.

Some time ago Lagarde had also suggested that central banks consider creating digital coins, stating:

“The advantage is clear. Your payment would be immediate, safe, cheap and potentially semi-anonymous. And central banks would retain a sure footing in payments”.

In addition, in December 2019, the now head of the European Central Bank spoke on bitcoin and regulation, explaining that public authorities should interact with the IMF and the banks to guide them on the use of these new technologies, given that these should be regulated.

However, in April 2019, Lagarde also declared a certain fear, explaining that central banks certainly do not want to lose their stability due to crypto.

“We don’t want innovation that would shake the system so much that we would lose the stability that is needed”.

Amelia Tomasicchio
Amelia Tomasicchio

As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for Cointelegraph and CMO at Eido. She is now the co-founder and editor-in-chief of The Cryptonomist.

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