ECB President Lagarde Says Digital Euro Development Awaiting Legislation Completion, Not Debating Seizing Russian Assets

European Central Bank (ECB) President Christine Lagarde stated that the institution cannot proceed with the development of a digital euro until the necessary legislation is completed by both the European Commission and the European Parliament. Lagarde emphasized that this legislative groundwork is essential for advancing the digital currency initiative. Additionally, she noted that the ECB is not in a position to debate the seizing of Russian assets, highlighting that such matters are governed by international law.

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