In a recent video chat with a fake Ukrainian President, European Central Bank (ECB) President Christine Lagarde acknowledged that the digital euro could be used to control people’s payments in a “limited” way. The comments came in response to the fake Zelenskiy’s remarks that protesters in Europe don’t want to be controlled by the central bank’s CBDC.

The pranksters who made the video also had fake conversations with Harry Potter author JK Rowling and former US President George W. Bush. Lagarde’s response to the fake Zelenskiy’s remarks has sparked protests from the cryptocurrency community, who see it as an attempt to suppress financial freedom.

Lagarde explained that while there would be controls, they would be limited to a small amount, such as 300 or 400 euros. She added that there are mechanisms that don’t control at all, but they are very risky. Lagarde also pointed out that terrorist attacks have been financed with very few anonymous transactions, highlighting the need for some level of control.

The ECB has been investigating the digital euro for two years and is set to make a decision on whether to launch it in October. The digital euro would be a digital version of the euro, which could be used for online transactions and would be backed by the ECB.

The idea of a digital euro has been met with both excitement and concern from the cryptocurrency community. While some see it as a positive step towards mainstream adoption of digital currencies, others worry that it could be used as a tool for government surveillance and control.

Lagarde’s remarks about the limited control over payments through the digital euro have only added to these concerns. The cryptocurrency community is now protesting against her comments, calling for financial freedom and an end to government control over payments.

Overall, Lagarde’s comments have sparked a heated debate about the potential uses and risks of a digital euro. As the ECB prepares to make a decision on its launch, it remains to be seen how much control it will have over people’s payments and whether the concerns of the cryptocurrency community will be taken into account.

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This article was republished from azcoinnews.com