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âIt will touch peopleâs life in a very intimate way,â Lagarde told Bloomberg Television on Sunday. âWhat weâve heard from the people is that they want privacy to be protected. But at the same time we need to make sure that itâs not accelerating money laundering or the financing of terrorism, so on each and every aspect we have to strike the right balance.â
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ECB Poised to Take Next Step in Revolutionizing Euro-Zone Money
Carolynn Look, Bloomberg News The Euro sculpture illuminated outside the Eurotower, the former headquarters of the European Central Bank (ECB) in Frankfurt, Germany, on Tuesday, Dec. 15, 2020. ECB Supervisory Board Chairman Andrea Enria said that the ECB is enabling payment of dividends within limits. Photographer: Alex Kraus/Bloomberg , Bloomberg
(Bloomberg) The European Central Bank is about to take the next step in reinventing the regionâs money as it marches toward the creation of a digital euro.
Policy makers will decide on Wednesday whether to move to an exploratory phase, which President Christine Lagarde reckons could take about two years. Ultimately, euro-zone citizens could be holding a virtual central-bank currency by the middle of this decade.