EconWithNick on Nostr: I'm surprised no one has noticed this... but the ECB is openly touting that the ...

I'm surprised no one has noticed this... but the ECB is openly touting that the newest use case for the digital euro is sanctions evasion.

In an interview with the FT, Lagarde openly said the digital euro could be used to evade US sanctions.

Considering central bankers often label bitcoin and other cryptocurrencies as tools for criminals to evade sanctions, this is rich.

In fact, Lagarde almost sounds like a bitcoiner when she talks about the need for _individuals_ to reclaim their financial sovereignty.

So forget financial inclusion, monetary policy, or any of the other popular items officials have proclaimed about CBDCs.

The digital euro is about sanctions evasion.

https://www.cato.org/blog/digital-euro-sanctions-evasion