{"id":19113,"date":"2020-11-13T14:59:02","date_gmt":"2020-11-13T22:59:02","guid":{"rendered":"https:\/\/setapartbytruth.org\/wordpress-watchman\/?p=19113"},"modified":"2020-11-13T13:40:36","modified_gmt":"2020-11-13T21:40:36","slug":"lagarde-says-her-hunch-is-that-ecb-will-adopt-digital-currency","status":"publish","type":"post","link":"https:\/\/setapartbytruth.org\/wordpress-watchman\/lagarde-says-her-hunch-is-that-ecb-will-adopt-digital-currency\/","title":{"rendered":"Lagarde Says Her \u2018Hunch\u2019 Is That ECB Will Adopt Digital Currency"},"content":{"rendered":"

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Alexander Weber – November 12, 2020<\/p>\n

(Bloomberg) — European Central Bank President Christine Lagarde signaled that her institution could create a digital currency within years in what would be a dramatic change to the euro zone\u2019s financial sector.<\/p>\n

\u201cMy hunch is that it will come,\u201d Lagarde said Thursday during a virtual panel discussion hosted by the ECB. \u201cIf it\u2019s cheaper, faster, more secure for the users then we should explore it. If it\u2019s going to contribute to a better monetary sovereignty, a better autonomy for the euro area, I think we should explore it.\u201d<\/p>\n

The president said it might be two to four years before the project could be launched as it addresses concerns over money laundering, privacy, and the technology involved.<\/p>\n

That\u2019s still fast compared to its peers. On the same panel, Federal Reserve Chair Jerome Powell and Bank of England Governor Andrew Bailey reiterated their caution. Powell said the Fed will \u201ccarefully and thoughtfully\u201d review the issue, and Bailey said there\u2019s a \u201clot of hard work to think through the implications.\u201d<\/p>\n

The ECB took a major step last month by launching a public consultation that runs until the middle of January. Policy makers intend to decide around mid-2021<\/a> whether to initiate a full-fledged project and prepare for a possible launch.<\/p>\n

China is also advance with plans for a central-bank digital currency.<\/p>\n

https:\/\/www.msn.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Alexander Weber – November 12, 2020 (Bloomberg) — European Central Bank President Christine Lagarde signaled that her institution could create a digital currency within years in what would be a dramatic change to the euro zone\u2019s financial sector. \u201cMy hunch is that it will come,\u201d Lagarde said Thursday during a virtual panel discussion hosted by … Continue reading Lagarde Says Her \u2018Hunch\u2019 Is That ECB Will Adopt Digital Currency<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[18],"tags":[15380,12,15378,7631,149,197,7157,28,1575,158,15379,15381],"class_list":["post-19113","post","type-post","status-publish","format-standard","hentry","category-warning","tag-andrew-bailey","tag-china","tag-christine-lagarde","tag-digital-currency","tag-economy","tag-eu","tag-euro-zone","tag-europe","tag-european-central-bank","tag-european-union","tag-jerome-powell","tag-monetary-sovereignty"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p8fAkI-4Yh","_links":{"self":[{"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/posts\/19113","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/comments?post=19113"}],"version-history":[{"count":1,"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/posts\/19113\/revisions"}],"predecessor-version":[{"id":19115,"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/posts\/19113\/revisions\/19115"}],"wp:attachment":[{"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/media?parent=19113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/categories?post=19113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/tags?post=19113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}