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Quick take: European Central Bank President, Christine Lagarde, has said cryptocurrencies are worth nothing and based on nothing. She added that cryptocurrencies do not have an underlying asset to act as an anchor of safety. ECB President Lagarde said that a digital Euro would be a better store of value than cryptocurrencies. The EU
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While inflation continues to roar in the U.S., the inflation rate in the eurozone tapped another high last month reaching 7.5% in March. Energy and food prices have soared throughout the 19 member state economies, and European Central Bank president Christine Lagarde expects energy prices to “stay higher for longer.” Eurozone
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The president of the European Central Bank (ECB), Christine Lagarde, says that a digital euro will not replace cash but would complement it. “A digital euro would give you an additional choice about how to pay and make it easier to do so, contributing to accessibility and inclusion,” the ECB
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The president of the European Central Bank (ECB), Christine Lagarde, says cryptos are not currencies, adding that they are “highly speculative, suspicious occasionally, and high intensity in terms of energy consumption.” She also discussed the need for stablecoin regulation and central bank digital currencies (CBDCs). Lagarde: ‘Cryptos Are Not Currencies. Full
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Bitcoin (BTC) was lower while staying mostly within this month’s range of roughly $18,200 to $19,700.“Upward price action seems to stall, and our analysts believe more inertia is required to push bitcoin beyond the $20,000 psychology barrier,” Lennard Neo, head of research for the cryptocurrency investment firm Stack Funds, wrote
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Stablecoins could “threaten financial security” if widely adopted, European Central Bank President Christine Lagarde said in an article published Monday in magazine L’ENA hors les murs.In the piece, Lagarde makes a bullish case for a digital euro while throwing shade at potential rivals such as cryptocurrencies and stablecoins – digital
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European Central Bank President Christine Lagarde said she believes the region’s monetary authority will move to launch a digital version of the euro in the next two to four years. “We might well go in that direction,” Lagarde said Thursday on a virtual panel with Federal Reserve Chair Jerome Powell
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A European Central Bank (ECB) panel tasked with exploring a central bank digital currency (CBDC) is set to reveal its findings in the near future, followed by a public consultation, said ECB President Christine Lagarde. Speaking at the Deutsche Bundesbank’s conference on banking and payments in the digital world Thursday, Lagarde
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The European Central Bank is eager to expand its role in developing central bank digital currencies (CBDCs), but that doesn't mean private enterprises can't join the party, said President Christine Lagarde.In an interview Wednesday with French business magazine, Challenges, Lagarde reiterated the ECB wants to play an active role in
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