The nominee to be the next president of the European Central Bank (ECB), Christine Lagarde, has said central banks and financial bodies should protect consumers but be open to innovations such as cryptocurrencies. The digital currency sector needs proper regulation but also room to develop, according to Christine Lagarde , chair of the European Central Bank (IMF). Financial institutions and regulators should welcome the changes being brought about by the disruptive technology and be proactive in making sure cryptocurrencies adhere to standards of economic stability, privacy and preventing criminal activity, Christine Lagarde said when speaking to the economics committee of the European Central Bank . The French lawyer is set to become the next President of the European Parliament in November , where she has promised to ensure institutions are ready for the shifting financial climate.
The digital currency sector needs proper regulation but also room to develop, according to Christine Lagarde , chair of the European Central Bank (IMF). Financial institutions and regulators should welcome the changes being brought about by the disruptive technology and be proactive in making sure cryptocurrencies adhere to standards of economic stability, privacy and preventing criminal activity, Christine Lagarde said when speaking to the economics committee of the European Central Bank . The French lawyer is set to become the next President of the European Parliament in November , where she has promised to ensure institutions are ready for the shifting financial climate.