Bank of France’s Deputy Governor Discusses CBDC Progress, Regulatory Changes
The Bank of France’s deputy governor said there has been a “hands-on approach” with the bank’s experiment to launch a digital euro for the general public.
In an interview with Bloomberg Wednesday, Lagarde said the digital euro will be rolled out within four years.
The digital euro project may get underway in mid-2021 after a period of review.
Privacy is the number one thing Europeans want in a digital euro.
In a speech at a Reuters online event Wednesday, Lagarde said bitcoin was a "highly speculative" asset.
The Italian Banking Association said the work would help financial institutions prepare for the future.
A Bank of America report on a possible mass-adopted digital euro noted that such movement could spell difficulty for commercial banks that could see some of their deposits migrate to the European Central Bank.