2019-12-21 19:04 |
Facebook could leverage its social media platform to block out competitors, according to Christine Lagarde.
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Christine Lagarde, the newly named European Central Bank’s (ECB) president, said she’s concerned Facebook is going to use its social media platform for promoting the Libra and eliminating any competition.
2019-12-21 21:49 | |
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In June, Christine Lagarde said a potential MiCA II framework “should regulate the activities of crypto-asset staking and lending, which are definitely increasing.”
The ECB’s annual euro report stressed that a digital euro may be needed to fight off the threat of “artificial currencies” from “foreign tech giants.”
The ECB will decide whether to proceed with digital euro pilots by mid-2021, Lagarde said.
The ECB President gives the impression that central banks will avoided copying institutions in hoarding cryptocurrency.
Christine Lagarde says financial institutions should foresee the demand for stablecoins
Christine Lagarde, head of the IMF, encouraged the exploration of central bank digital currencies in a speech on Wednesday.