ECB Chief Lagarde disclosed today on an online panel hosted by the Bank of France that she does not like seeing a new period of “free banking” due to cryptocurrencies. According to Lagarde, Central Bank digital currencies (CBDC) are required to maintain the role of central banks. Lagarde referred to historical examples where the Central Bank was not there, and according to her, this precipitated in crisis after crisis. Christine Lagarde, the chief of the European Central Bank (ECB), attended […]
