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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.
Finance
Lagarde says euro zone economy solid, digital euro nears
The European Central Bank is continuing preparations for a retail digital euro, Cointelegraph reported on Oct. 17. ECB President Christine Lagarde said in a speech at the International Monetary Fund annual meeting that a digital euro would further spur innovation and competition in retail payments. She said it is meant as digital cash for daily payments, not a replacement for banknotes. Lagarde also described inflation and the ECB’s gradual policy response.
Crypto
ECB warns stablecoin spread could trigger bank runs, undermine monetary policy, urges faster digital euro
The European Central Bank warned that the spread of stablecoins could undermine financial stability and reinforce a U.S. dollar-centred international monetary order. It reiterated that central bank-issued or -backed digital currency infrastructure should take priority over private stablecoins. ECB board member Isabel Schnabel said stablecoins could weaken bank intermediation, trigger bank runs and impair monetary policy transmission, while raising concerns over monetary sovereignty. The ECB is pursuing a digital euro and a wholesale tokenised central bank currency.
