HomeCryptoLagarde in favour of a crypto friendly European Central Bank?

Lagarde in favour of a crypto friendly European Central Bank?

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 Tomasicchiohttps://cryptonomist.ch
As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for several international crypto-related magazines and CMO at Eidoo. She is now the co-founder and editor-in-chief of The Cryptonomist, and also PR manager for the Italian market at Bitget. She is also a marketing teacher at Digital Coach in Milan and she published a book about NFTs for the Italian publishing house Mondadori, while she is also helping artists and company to entering in the sector. As advisor, Amelia is also involved in metaverse-related project such as The Nemesis and OVER.