Christine Lagarde was nominated to succeed Mario Draghi as president of the ECB. These are the great news for the crypto community because she is the one who pushed for central banks to consider the notion of issuing digital assets.
The deputies suggest that the government should follow the example of the private sector. Moreover, a central bank, such as the Bank of France or the European Central Bank, should consider issuing digital currencies.
IMF’s Managing Director called for central banks digital currencies, stating that they could provide financial inclusion, security, and consumer protection, which can not be offered by the private sector.
Lagarde said that the same blockchain technology which underpins cryptocurrencies can be used to regulate cryptocurrencies and also track whether they are being used for any illicit activities.