CBDC will be used for ‘control,’ ECB president admits in vid chat with fake Zelensky

A widely shared video of European Central Bank President Christine Lagarde admitting the digital euro will be used in a ‘limited’ way to control the payments people can make has been out for three weeks. Taken from a previous prank video.

The video was picked up by breaking news account Watcher Guru on April 6th and caused quite a stir on social media. In it, Lagarde cited a desire not to rely on “currencies of unfriendly countries” or those provided by “private corporate entities like Facebook and Google.” “I am personally convinced that we must move forward” regarding the digital euro, she said.

Justin: The president of the European Central Bank has revealed plans to launch a digital euro (CBDC), saying it will control payments. pic.twitter.com/szCFxBkZDR

— Watcher.Guru (@WatcherGuru) April 6, 2023

Cointelegraph traced the original sauce In this March 17th prank video, Lagarde appears to be speaking more openly than usual because she believed she was talking to Ukrainian President Volodymyr Zelensky.

The prankster has had similar conversations with other celebrities, including Harry Potter author JK Rowling and former U.S. President George W. Bush.

When ‘Zelensky’ said ‘they are the problem’ [European protestors] We don’t want to be controlled by central bank digital currencies,” admitted Lagarde. You are absolutely right,” but suggested it would be a “limited amount of control,” he added.

“We are looking at whether it is possible to have a zero control mechanism for very small sums of around €300, 400. But it may be risky.”

However, Lagarde noted that the terrorist attacks could, and indeed were, entirely funded by small, anonymous transactions.

Related: CBDC ‘Threats Core Freedoms of Americans’ — Kate Institute

Lagarde’s comments have been heavily criticized by the crypto community, especially in relation to her mention that the digital euro will give people and payments control.

BREAKING: The President of the European Central Bank talks about plans to launch a digital euro (CBDC).

She says the payments will be controlled.

These are horrible people! Don’t give in to their control. look to the cipher, $XRPnot this bullshit!

The harder it is for them to impose control… pic.twitter.com/rfZ1Eh6Roa

— Mason Versluis (@MasonVersluis) April 6, 2023

Some users are seeing the bright side, suggesting that clarifying “where this is going” will encourage people to use decentralized currencies such as Bitcoin (BTC). I’m here.

Personally, I would like to thank Christina Rugaldo for choosing to advance Bitcoin and making it painfully obvious to the public that this is all happening.

— ₿itcoin Kramer ⚡️⚡️⚡️ (@KramericaBTC_) April 7, 2023

The ECB will launch a two-year study on the digital euro in July 2021 and report on its progress.

The investigation is expected to end on September 29, and Lagarde said a decision on whether to launch will be made in October.

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