Ferretti1

Michele Ferretti studied philosophy at the University of Pisa, then history of science and sociology of product

Christine Lagarde and the Privatization of Currency

In a recent speech in Portugal, Christine Lagarde—the president of the European Central Bank (ECB)—warned against the emergence of stablecoins, stating that they could lead to the creation of “new private currencies.” These stablecoins, which are tokens backed by fiat currencies, pose a significant risk to both the sovereignty of nations and the “common good” of currency. She therefore calls for them to be regulated at a global level.