The pandemic has seen consumers adopt digital payments in increasing numbers and the trend was accelerating, said the President of the European Central Bank (ECB) Christine Lagarde. Last September, when she was the head of the International Monetary Fund (IMF), the ECB president said she would focus on ensuring EU institutions adapt to the changing financial environment by being open to crypto. “Like many other central banks around the world, we are exploring the benefits, risks and operational challenges of introducing a digital Euro,” Lagarde said. According to the ECB president, the results of a taskforce studying the potential effects of a CBDC on Europe will be announced “in the coming weeks.” (READ MORE)

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