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Digital Euro seen as an alternative to ‘private digital currencies’, ECB

Digital Euro seen as an alternative to 'private digital currencies', ECB

The European Central Bank (ECB) has been analysing the benefits and risks of a digital currency, according to its president, Christine Lagarde. Rather than as a replacement for cash, a digital euro would ‘complement’ traditional money. The central bank digital currency would further provide an alternative to ‘private digital currencies’ for EU citizens, according to Lagarde.