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Christine Lagarde invited the public to comment on the possible CBDC of Europe

November 1, 2020

In one thread from Twitter on Sunday, Christine Lagarde, The former Director General of the International Monetary Fund and current President of the European Central Bank invited the public to comment on a possible digital currency from the Central Bank of the Eurozone (CBDC).

‘We are still in the review and reflection phase but have just launched a public consultation so that consumers and Europeans can really express their preference and tell us whether they would like to use a digital euro in the same way as a currency or a euro -Bank note knowing that central bank money is available and can be trusted “, Lagarde said in a video on the thread.

Opinions about a possible CBDC were part of a larger series of deliberations about what Lagarde considered “difficult year”.

Christine Lagarde invited the public to comment on the possible CBDC of Europe
Christine Lagarde invited the public to comment on the possible CBDC of Europe

Among the topics covered were the impact of the coronavirus and the reaction of the ECB, the importance of studying how banking policy can fight climate change and how cryptocurrencies can better adapt to the modern lifestyles of Europeans.

“As Europeans become increasingly digital as they spend, save and invest, we should be ready to spend a digital euro when needed.” Lagarde wrote.

As Cointelegraph previously reported, The ECB has set its roadmap for conducting a larger study of a CBDC in 2021. Furthermore, Central banks around the world You are taking exploratory, albeit cautious, steps to get a CBDC out.

The tweet also links a Poll form in which the President asked Europeans to share their views.

“I am also looking forward to your views on this.”