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ECB Pushes Digital Euro, Wants To “Globally Regulate” Bitcoin’s “Funny Business”

by CBDC Insider
January 14, 2021
in Business, Europe
Reading Time: 2min read
0
ECB Pushes Digital Euro, Wants To “Globally Regulate” Bitcoin’s “Funny Business”
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During an interview at a Reuters conference, the ECB’s President, Christine Lagarde, noted that bitcoin had some “funny business” and asked for a global layer of regulation for bitcoin.

This was a bit of an off-hand remark, but also comes at the same time as the ECB releasing the results of the end of public consultation around the digital euro, as well as a statement from Christine Lagarde that the digital euro was likely to come about in the next five years.

The digital euro will be the European Union’s version of a central bank digital currency, so the two remarks in combination seem to indicate more of a hybrid approach of trying to maneuver against bitcoin while promoting the ECB’s vision for its digital euro.

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Read more: https://www.forbes.com/sites/rogerhuang/2021/01/14/ecb-pushes-digital-euro-wants-to-globally-regulate-bitcoins-funny-business/?sh=739dec9644b5

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