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Referring back to a survey conducted in January 2021 which showed that privacy ranked at the top of the list of features expected from a digital currency by European respondents, Lagarde called the digital euro a banknote “with a little less anonymity,” and promised the that a digital euro would protect citizens.
“Digital currency is borderless, it shouldn’t be borderline, and it should certainly not cross the line, which is why it should be regulated and properly supervised,” Lagarde advised. “But it can facilitate cross-border payments in a big way, which is why between the United States authorities, the European authorities, and others beyond that, we need to compare notes.”
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