European Central Bank President Christine Lagarde has denied that the digital euro is intended to replace physical cash or enable the central bank to monitor individual payments. In an exclusive interview with Euronews, Lagarde addressed public concerns as legislative negotiations regarding the currency advance following several months of discussions within the European Parliament.
The project has now entered a new phase of development as lawmakers continue to debate the framework for the digital currency. Lagarde emphasised that the implementation of a digital euro would not alter the fundamental role of physical cash in the European economy.
Source: Euronews. Read the original report ↗