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Christine lagarde crypto	European Central Bank ECB President Christine Lagarde urged patience as the bank looks to pare back its now 8 trillion euro balance sheet in the face of galloping inflation, and asked viewers of a Dutch talk show to imagine the damage to the economy had the central bank not intervened in such a large way during the COVID crisis. Learn more about Consensus , CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Follow SteveAlpher on Twitter. Read more about. Read more about. Sandali Handagama.

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Meanwhile, the ECB is laying the foundations for a digital euro , Reuters said, as numerous countries around the world embark on digitalization of their currencies to keep pace with crypto. While Lagarde criticizes decentralized digital assets, she actively promotes the concept of central bank digital currencies CBDCs. Let us know what you loved about this article, what could be improved, or share any other feedback by filling out this short form. It indicates a way to close an interaction, or dismiss a notification.