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Crypto
Lagarde early resignation draws crypto industry criticism
European Central Bank President Christine Lagarde announced she will step down on Feb. 7, 2027, about nine months before her term ends. Her decision triggered criticism from the crypto industry, including Gemini co-founder Tyler Winklevoss, who said her legacy would be failing to fight cryptocurrencies. Lagarde has repeatedly expressed negative views on crypto, calling bitcoin speculative and warning of illegal use. The next ECB president will be chosen by the European Council.
Crypto
Christine Lagarde to step down as ECB president in February 2027
European Central Bank President Christine Lagarde (크리스틴 라가르드) said she will step down on Feb. 7, 2027. Cointelegraph reported on Oct. 29 that Lagarde wrote on X that she had informed colleagues of her retirement plan. Lagarde took office in November 2019 and would serve about 7 years and 3 months if she leaves as scheduled, stepping down before her term ends in October 2027.
Crypto
Russian state bank Sberbank steps up crypto trading infrastructure, aims for Dec. 1
Russia\'s largest bank Sberbank plans to build cryptocurrency trading infrastructure by Dec. 1, including a digital depository for recording ownership and processing most transactions off the main blockchain. It also plans to operate active wallets for deposits, withdrawals and transfers. The move comes as Russia advances a comprehensive legal framework for crypto markets, setting supervision by the central bank, eligibility thresholds and regulated participant categories. The EU and Britain have tightened sanctions, including on exchange HTX.
