European Central Bank wants to be “one step ahead” of stablecoins

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European Central Bank wants to be “one step ahead” of stablecoins

European Central Bank Governor Christine Lagarde said on the issue of stablecoins, the financial institution should take the initiative and stay ahead of the demand curve..

During the press conference, she emphasized the increased interest of the central banks of Canada, the UK and several other countries in digital currencies. According to her, in addition to the stablecoin projects known to us, there are others that are in present time are under study and are at various stages of implementation.

According to Christine Lagarde, in this matter, one should go one step ahead and respond to urgent needs. She also said that the ECB is planning make a clear plan for your target group for digital currency to the middle 2020.

The issue of the digital euro issue has already been raised earlier, but before so far met with resistance from the European authorities.

Opinion of the new head of the ECB drastically different from her predecessor Mario Draghi, who believed that stablecoins and cryptoassets were not suitable to replace money.

text: Ivan Malichenko, photo: CNBC