Pushing a CBDC you didn’t ask for and branding you a conspiracy theorist if you ask questions.
During a recent hearing at the European Parliament, Christine Lagarde, the President of the European Central Bank (ECB), reiterated that the digital euro will lack the anonymity of cash and then dismissed concerns about the state using the digital euro to control what people can buy as a “conspiracy theory.”
Lagarde has previously acknowledged that privacy is one of the main concerns Europeans have about the European Union’s (EU’s) proposed central bank digital currency (CBDC), the digital euro. Despite this admission, she has continued to insist that there won’t be anonymity for digital euro users and that it will never be as private as cash.
And at the hearing of the Committee on Economic and Monetary Affairs of the European Parliament on Monday, Lagarde coupled her insistence that the digital won’t be anonymous with an admonishment of those who are concerned that the ECB or governments will use the lack of anonymity to impose restrictions on what people can buy.