"We Stand For Bankers" ECB Chief Lagarde Disclosed That She Dislikes Seeing a New Period of "Free Banking" In Crypto.
28 Sep 2022, 08:00
“We Stand For Bankers” ECB Chief Lagarde Disclosed That She Dislikes Seeing a New Period of “Free Banking” In Crypto
Christine Lagarde, the chief of the European Central Bank (ECB), attended an online panel today hosted by the Bank of France alongside The Federal Reserve’s Jerome Powell to share their thoughts on CBDCs and the decentralized financial sector (DeFi).
Christine Lagarde, described cryptocurrency evolution as “stormy.” According to her, crypto initially started as a cultural hype pushed by libertarians and promoted by Satoshi Nakomoto, to now being a tool widely accepted by companies such as PayPal, Mastercard, and Visa.