Christine Lagarde invitations public feedback on eurozone CBDC

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 overview and concerns stage, however we’ve simply launched a public session so that buyers and Europeans can truly categorical their choice and inform us whether or not they could be joyful to make use of a digital Euro simply in the best way they use a Euro coin or a Euro banknote understanding that it’s central financial institution cash that’s out there and that they will rely on,” mentioned Lagarde in a video from the thread. 

The feedback on a doable CBDC have been half of a bigger collection of reflections on what Lagarde described as a “troublesome yr.” 

Among the many subjects mentioned have been the affect 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 may higher swimsuit fashionable life-style 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 ought to be ready to situation a digital euro, if wanted,” Lagarde wrote. 

As Cointelegraph has beforehand reported, the ECB has a roadmap in the direction of a extra serious CBDC study in 2021. Moreover, central banks around the world are taking exploratory, if cautious, steps in the direction of issuing CBDCs. 

The Tweet additionally linked to a survey form the place the chief banker invited Europeans to share their ideas. 

“I’m additionally eager to listen to your views on it.”