Bitcoin
$44,796.62+3.23%
Ethereum
$3,161.74+3.65%
XRP
$0.992018-1.25%
Cardano
$2.26+0.73%
Polkadot
$32.70+2.61%
Stellar
$0.299853+2.63%
Dogecoin
$0.224374-0.49%
Chainlink
$25.44+4.82%
Uniswap
$21.51-0.01%
Algorand
$2.02+8.76%
Polygon
$1.22+1.18%
Cosmos
$42.28+10.18%
Litecoin
$162.93+1.06%
Bitcoin Cash
$550.42+1.01%
Wrapped Bitcoin
$44,798.30+3.05%
Filecoin
$74.48+0.06%
The Graph
$0.728742-0.59%
Tron
$0.098643+0.50%
Ethereum Classic
$51.06+0.12%
Tezos
$6.32+15.12%
Aave
$308.60+2.87%
Monero
$248.98+1.76%
NEO
$43.59+2.09%
EOS
$4.34+1.19%
IOTA
$1.39+2.77%
BitTorrent
$0.003507-0.39%
Bitcoin SV
$144.82-1.22%
Waves
$24.91+0.55%
Maker
$2,479.88-1.65%
Dash
$183.05+4.52%
Decentraland
$0.775635+7.74%
Decred
$120.51+3.18%
ICON
$1.70+2.62%
NEM
$0.161700+2.60%
Zcash
$122.09+0.75%
OmiseGO
$9.85+4.15%
Paxos Standard
$1.01-0.06%
NuCypher
$0.295788+2.95%
Yearn Finance
$31,112.71+2.03%
Qtum
$10.81+0.09%
Bitcoin Gold
$56.61+1.48%
Basic Attention Token
$0.704900+2.94%
0x
$0.980975+2.14%
Fetch.ai
$0.831548+15.18%
Ren
$0.878847+7.29%
Bancor
$3.70+2.72%
Kava.io
$5.88+6.39%
Siacoin
$0.016422+2.21%
Band Protocol
$7.97+2.82%
Nano
$5.17+4.18%
Loopring
$0.411088+0.60%
Civic
$0.527070+24.26%
Storj
$1.18+3.30%
Numeraire
$42.77+2.00%
Lisk
$3.10+0.75%
Orchid
$0.349429+0.41%
PAX Gold
$1,753.46-1.40%
Enzyme
$144.48-6.02%
Augur
$22.90+5.08%
Aragon
$5.18+0.75%
district0x
$0.161152+3.01%
Kyber Network
$1.57+1.92%
SingularDTV
$0.001375+2.58%
Tether
$1.00+0.01%
USD Coin
$0.999930-0.00%
Dai
$1.00-0.01%

Lagarde Seeks Public Comments About a Digital Euro, Implying a Broad Retail Offering Is Now on the Table

The survey indicates a much more profound change in the way finance works is being contemplated.

Nov 1, 2020 at 2:06 p.m. UTC
Updated Sep 14, 2021 at 10:26 a.m. UTC

European Central Bank President Christine Lagarde Sunday announced an ECB survey of public opinion regarding the issuance of a digital euro, implying the central bank is considering a retail central bank digital currency (CBDC), not just one intended for use between banks, which would represent a much more profound change in the way finance works, according to Noelle Acheson, CoinDesk's director of research.

  • "As Europeans are increasingly turning to digital in the ways they spend, save and invest, we should be prepared to issue a digital euro, if needed. I’m also keen to hear your views on it," Lagarde said in a tweet announcing the survey.
  • While saying the ECB is still reviewing the possibility of issuing a digital euro, the central bank president said in the video embedded in her tweet, "We've just launched a public consultation so that consumers and Europeans can actually express their preference and tell us whether they would be happy to use a digital euro just in the way they use a euro coin or a euro banknote knowing that it is central bank money that is available and that they can rely upon."
  • Lagarde's comments echo what Benoit Couere, head of the Innovation Hub at the Bank for International Settlements and a member of the bank's Executive Committee, said in a recent opinion piece on CoinDesk, according to CoinDesk's Acheson.
  • Such a confluence of opinions underlines these conversations about the likelihood of a retail CBDC are happening at the highest level, Acheson said.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Loading...