Lagarde Advances Digital Euro to Defend EU Financial Autonomy

Lagarde reiterated that Europe is adamant about advancing the digital euro as an efficient digital cash equivalent for retail payments. She stressed that adopting the regulation for the establishment of the digital euro by the end of 2026 was “key” to making this possible. The European Central Bank (ECB) has reiterated its plan to launch a digital euro alternative in the next few years. In a speech on October 17 addressing the IMF Annual Meetings in Bangkok , ECB President Christine Lagarde stressed that digital money should evolve to fulfill the needs of an increasingly digital economy, and that Europe…

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