In a Twitter thread on Sunday, Christine Lagarde, former Managing Director of the IMF and present President of the European Central Financial institution, invited public commentary on a possible eurozone central financial institution digital foreign money (CBDC).
“We’re nonetheless within the evaluate and concerns stage, however we’ve simply launched a public session so that customers and Europeans can truly categorical their desire and inform us whether or not they could be joyful to make use of a digital Euro simply in the way in which they use a Euro coin or a Euro banknote understanding that it’s central financial institution cash that’s accessible and that they will depend upon,” stated Lagarde in a video from the thread.
The feedback on a attainable CBDC have been half of a bigger sequence of reflections on what Lagarde described as a “tough 12 months.”
Among the many subjects mentioned have been the influence of the Coronavirus and the way the ECB responded, the significance of inspecting how financial institution coverage may fight local weather change, and the way cryptocurrencies would possibly higher go well with trendy way of life selections on the a part of Europeans.
“As Europeans are more and more turning to digital within the methods they spend, save and make investments, we must be ready to concern a digital euro, if wanted,” Lagarde wrote.
As Cointelegraph has beforehand reported, the ECB has a roadmap in the direction of a extra severe CBDC examine in 2021. Moreover, central banks all over the world are taking exploratory, if cautious, steps in the direction of issuing CBDCs.
The Tweet additionally linked to a survey type the place the chief banker invited Europeans to share their ideas.
“I’m additionally eager to listen to your views on it.”