ECB solicits public comments on Digital Euro

watch Lagarde’s pubic statement below, Twitter thread degenerates rapidly but offers some fun / interesting points. Thirty second video and less than one minute before Twitter thread gets noisy.

We’ve started exploring the possibility of launching a digital euro. 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 https://t.co/0ZuU2ZZgCp pic.twitter.com/CoY5sN7Yoz

— Christine Lagarde (@Lagarde) November 1, 2020

Comment: Its obvious Central Bank’s are in a rush to deploy proprietary cryptocurrencies, whether to catch up with China or to take advantage of this crisis to exert more control over the population depends upon your personal politics, although I tend to the former. Two words for those concerned about harsh regulation of Cryptocurrencies: privacy coins.