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ECB Wants Active Role in Crypto, Will Not Deter Private Solutions

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[color=rgba(0, 0, 0, 0.8)]The president of the European Central Bank, Christine Lagarde, outlined in an interview with “Challenges” magazine the bank’s progress in the area of digital currency, the ECB announced on Jan. 8. Responding to a question of whether “creating a cryptocurrency [is] a legitimate task for the ECB,” Lagarde noted that “Innovation in the area of payments is racing ahead in response to the urgent demand for quicker and cheaper payments, especially cross-border ones,” adding:[/color]
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[color=rgba(0, 0, 0, 0.8)]The Eurosystem in general and the ECB, in particular, want to play an active role in this field, rather than just acting as observers of a changing world.[/color]
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