ECB President Leaked: Digital Euro to Control Payments?

  1. Lagarde’s leaked video on digital euro
  2. Control over transactions
  3. Crypto community backlash

A video of European Central Bank (ECB) President Christine Lagarde admitting the digital euro’s potential for “limited” control over payments has circulated widely on social media. The video, originally part of a “three-week-old prank”, sparked discussions about the implications of a centralized digital currency.

Watcher Guru, a breaking news account, highlighted the video on April 6. There, Lagarde expressed her concerns about depending on unfriendly countries’ currencies or private corporate entities like Facebook or Google. She also shared her conviction that a digital euro is necessary.

The video’s origin traces back to a March 17 prank in which Lagarde believed she was speaking candidly with Ukraine President Volodymyr Zelensky. The pranksters have fooled other public figures, such as J.K. Rowling and former U.S. President George W. Bush, in similar fashion.

Lagarde’s comments have drawn heavy criticism from the crypto community, particularly concerning the digital euro’s potential to control payments. However, some users see a silver lining, suggesting that increased transparency about centralized currency control will encourage people to adopt decentralized currencies like Bitcoin.

In other news, Changpeng Zhao (CZ) took to Twitter to explain the closure of Binance Australia’s derivatives exchange after some began to query the platform’s stability.

The Australian Securities and Investments Commission (ASIC) did not compel Binance Australia to terminate its derivatives license, as reported by CZ.

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José is a crypto enthusiast who trades crypto night and day. He loves to share his trading stories and experiences in all his published articles. José likes to hang out and travel to meet new friends. Enjoys sushi, vodka, and tequila.