ECB President Revealed About Launching CBDC For Greater Control

Key Points:

• Christine Lagarde, president of the ECB, confirmed that a digital euro would be used to monitor payments in a “limited” fashion.
• Lagarde said that she does not want to depend on a hostile country’s currency or a currency issued by a private business organization such as Facebook or Google.
• She pointed out that terrorist activities may and have been largely funded via modest, anonymous transactions.

The covert agenda of promoting central bank digital currencies (CBDCs) has reached a tipping point, with European Central Bank (ECB) President Christine Lagarde saying in a video that a digital euro will be “decided in October.”

On April 6, the news account Watcher Guru featured the video, generating a substantial amount of social media buzz. In it, Lagarde defended the move to a digital euro by stating that she does not want the EU to be dependent on the currency of an unfriendly country or dependent on a friendly currency but activated by a private corporate entity, citing Facebook and Google as examples.

She did not say how the digital euro CBDC would work around existing payment methods, but as a closed-loop system, all transactions would be routed via an ECB-controlled ledger.

If enacted, the continent’s existing paradigm of cash spending and transfers would become even more restricted as it converts to a hard digital currency system.

The film’s initial source was a hoax tape from March 17 in which Lagarde appeared to talk more frankly than usual since she thought she was chatting to Ukraine President Volodymyr Zelensky.

Surprisingly, the interviewer asked about a future job after her words. Bitcoin, saying he “bought it (Bitcoin) when it started – I hope it… works as well.” Lagarde responds with a crooked grin.

Additionally, Lagarde addressed the unrest in France around 10 years ago, blaming it on very few anonymous credit cards fueling terrorism. Although she admits that the digital euro may not have a mechanism to block small-scale financing (i.e., 300-400€), she still blames fiat money for aiding terrorists, providing the reason for the ECB to tighten control.

The crypto community has been outraged by Lagarde’s remarks, notably her claim that a digital euro will enable more control over individuals and payments.

Whatever happens next, the story and reasons have been revealed. The countdown to a digital euro has officially begun.

The ECB launched a two-year research on the digital euro in July 2021 and has been updating the public on its progress.

European countries may only have a few months until the existing fiat money paradigm transforms dramatically.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Harold

Coincu News