ECB Chief Lagarde Hails Digital Euro as "Symbol of Trust" Amidst Crypto Backlash

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European Central Bank (ECB) President Christine Lagarde has strongly advocated for the digital euro, a proposed central bank digital currency (CBDC), positioning it as a unifying force for the European Union and expressing the ECB's aim for its swift implementation. Lagarde emphasized that the digital euro would complement physical banknotes, enabling online payments across the EU and reinforcing the euro's role as a symbol of shared destiny and trust.

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