The European Central Bank will soon announce its conclusions on digital advantages.

European Central Bank President Christine Lagarde said the board would soon decide whether or not to develop a digital version of the euro.

During an online event at the Bundesbank on Thursday evening, Lagarde said the move was key to ensuring the eurozone doesn't fall behind when it comes to digital currencies and changes in international payments. New technologies can improve the performance of financial markets and put Europe at the forefront of innovation, but they also pose a risk.

"So far, the Eurosystem has not decided whether or not to introduce the digital euro. But, like many other banks around the world, we are looking at the benefits, the risks, the fate and the drudgery of the work ", Lagarde said. "The results of the Eurosystem task force should be announced to the public in the coming weeks, and public consultations will begin.

Lagarde also noted that there is no need to worry about Europe being ruled by foreign banks, but 'global trade' and 'increased protectionism' have set the stage for a new risk of disruption. Business.

"We have a responsibility to ensure that citizens have a choice and are not excluded from the payment ecosystem due to the injustice of others," he said.