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 evaluate and concerns stage, however we’ve simply launched a public session so that buyers and Europeans can truly specific their choice and inform us whether or not they can 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 obtainable 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 “tough yr.” 

Among the many matters mentioned have been the impression of the Coronavirus and the way the ECB responded, the significance of analyzing how financial institution coverage might fight local weather change, and the way cryptocurrencies may higher go well with trendy 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 difficulty a digital euro, if wanted,” Lagarde wrote. 

As Cointelegraph has beforehand reported, the ECB has a roadmap in direction of a extra severe CBDC examine in 2021. Moreover, central banks around the globe are taking exploratory, if cautious, steps in 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.”