LeGarde avers digital Euro will happen on 10/23/23

[midnight rambler]

Pranked by Russian pranksters Vovan and Lexus, she thought she was on a call to Jewlenskyy, 3 minute video -

https://odysee.com/@Overthrown:6/Prank_with_the_President_of_the_European_Central_B ank_Christine_Lagarde_-Vovan_and_Lexus:b

[keehah]

"The reason I'm personally convinced we have to move ahead [and adopt a new CBDC] is a situation like the one we have now. We are dependent on a supply of gas by a very unfriendly country." -Christine Lagarde in the above clip.

So Christine Lagarde explains it is needed because of their (corrupt and war criminal western politicians) idiotic and attempted democidal sanctions after they did all but directly march Russia in to invade Ukraine.


bloomberg.com: Lagarde Says ECB Could Have Digital Currency Within Four Years (https://www.bloomberg.com/news/articles/2021-03-31/lagarde-says-ecb-could-have-digital-currency-within-four-years#xj4y7vzkg)

March 31, 2021
“We need to make sure that we do it right - we owe it to the Europeans,” Lagarde said in a Bloomberg TV interview on Wednesday. “The whole process - let’s be realistic about it -- will in my view take another four years, maybe a little more.”...

The second decision -- whether to roll out a digital currency -- will be made six months to a year after that, she said.

“It’s a technical endeavor as well as a fundamental change,” Lagarde said. “We need to make sure that we’re not going to break any system, but to enhance the system.”

bloomberg.com/news/videos/2021-03-31/lagarde-on-pepp-eu-aid-digital-euro-full-interview-video (https://www.bloomberg.com/news/videos/2021-03-31/lagarde-on-pepp-eu-aid-digital-euro-full-interview-video)

[osoab]

She said sometime in October in her confessional prank.

Got to have big tech involved too.

[midnight rambler]

I gather the FedNow early adopters (mainly the big banks) begin the first week of April.

[keehah]

Seems both Christine Lagarde (post #2) and the US Fed's original plans were initially to release CBDC in 2024 or 2025.

forbes.com: The Fed Is Rewiring The U.S. Payments System—Here’s What That Means For You (https://www.forbes.com/advisor/personal-finance/fednow-launching-soon/)

Mar 10, 2023
The Fed initially set a debut date of 2024 but ramped up the deadline to launch sometime this year between May and July...

FedNow has been in the works for nearly a decade. The Fed started contemplating an instant payments network in 2013 and formed the Faster Payments Task Force (FPTF) in 2015 to map out a plan. After years of meetings, the release of several studies and a period of fielding public comments, the Fed announced FedNow in August 2019 and has been conducting pilot runs with financial institutions since then.

“The benefits of instant payments are increasingly important to consumers and businesses, and the ability to provide this service will be critical for financial institutions to remain competitive,” said Ken Montgomery, first vice president at the Federal Reserve Bank of Boston and the FedNow Service’s program executive, in a release announcing the new launch timeframe. “Financial institutions will be able to use the FedNow Service as a springboard to provide innovative solutions to their customers.”

Saying FedNow would be a game changer is almost downplaying the potential impact.

[keehah]

reuters.com: EU ministers reach 'compromise' on digital euro roadmap (https://www.reuters.com/business/finance/eu-ministers-seek-agreement-digital-euro-be-independent-visa-mastercard-2025-09-19/)

September 19, 2025
European Union finance ministers on Friday agreed on a roadmap for launching a digital euro currency that aims to become an alternative to the now dominant U.S.-based Visa and Mastercard systems....

But the ECB, the main sponsor of the project, has failed so far to secure legislative approval for it...

In a sign of progress, EU finance ministers gathering with ECB President Christine Lagarde and European Commissioner Valdis Dombrovskis in Copenhagen on Friday reached an agreement on the next steps.

This will give EU finance ministers a say on whether a digital currency is issued and how many such euros each resident will be able to hold...

Donohoe, Lagarde and Dombrovskis also celebrated a compromise on the procedure for setting the holding limit although they didn't give details.

Though the European Commission proposed digital euro legislation in June 2023, the other two institutions that have to sign off on it, the European Parliament and the European Council, have yet to do so...

The European Council aims to wrap up its side of the work by the end of the year.

The ECB hopes to have the legislation in place by June, after which it will need around two-and-a-half to three years to actually launch the digital euro.
ECB plans for digital Euro by 2029, despite opposition (https://euroweeklynews.com/2025/09/07/ecb-plans-for-digital-euro-by-2029-despite-opposition/)

07 Sep 2025
The proposed central bank digital currency (CBDC) is intended to provide a public, digital alternative to cash. However, critics warn it could give commercial banks problems and open the door to financial surveillance. ECB board member Piero Cipollone defended the plan during testimony before the European Parliament recently, claiming that the digital euro is a “public good” that would guarantee accessible payments, even during crises. “The digital euro will complement cash, not replace it, and will meet the highest privacy standards,” Cipollone assured, as he explained a possible offline payment version and a design where the ECB “will not know anything about the payer and the payee.”..

The current timeline requires the European Parliament, European Council, and European Commission to finalise legislation by mid-2026, followed by three years of infrastructure development, with the target of a 2029 launch.
jumio.com: EU Digital Identity Wallets: Get Ready or Get Left Behind (https://www.jumio.com/eu-digital-identity-wallets/)

September 16, 2025
eIDAS (http://eIDAS is the European Union’s legislation that oversees electronic identification (eID), authentication and trust services for electronic transactions in the EU’s internal market. eIDAS 2.0, passed in 2024, mandates that by 2026, every EU member state must provide citizens with a European Digital Identity Wallet under an officially notified scheme.Beginning in 2027, acceptance of these wallets will become mandatory for regulated private-sector organizations including those in banking, financial services, telecommunications, healthcare, energy, and education, as well as Very Large Online Platforms (VLOPs) defined under the EU Digital Services Act.) is the European Union’s legislation that oversees electronic identification (eID), authentication and trust services for electronic transactions in the EU’s internal market. eIDAS 2.0, passed in 2024, mandates that by 2026, every EU member state must provide citizens with a European Digital Identity Wallet under an officially notified scheme.

Beginning in 2027, acceptance of these wallets will become mandatory for regulated private-sector organizations including those in banking, financial services, telecommunications, healthcare, energy, and education, as well as Very Large Online Platforms (VLOPs) defined under the EU Digital Services Act.
Happening:

forbes.com: Digital Transformation In Vietnam: Leading The Charge Into A Tech-Driven Future (https://www.forbes.com/councils/forbestechcouncil/2025/04/01/digital-transformation-in-vietnam-leading-the-charge-into-a-tech-driven-future/)
Apr 01, 2025

en.sggp.org.vn: Major security upgrades for digital payments take effect (https://en.sggp.org.vn/major-security-upgrades-for-digital-payments-take-effect-post118607.html)

June 30, 2025
As of today, all ATM cards that use magnetic stripe technology will be deactivated across the entire banking system. This move is a key part of the payment security upgrade roadmap of the State Bank of Vietnam (SBV), outlined in Circular No. 18/2024, aimed at protecting users from the escalating risks of high-tech crime.

Consequently, users must switch to modern chip cards or non-physical (virtual) cards to avoid any interruption to their cash withdrawals, transfers, or payments...

Following the tightening of security for personal accounts, the SBV’s Circular No. 17/2024 now mandates that all corporate bank accounts must update the biometric data of their legal representatives. Effective today, July 1, any corporate account failing to meet this requirement will have its online transaction functions suspended.
vietnamnews.vn: More than 86 million bank accounts to be terminated from September 1 (https://vietnamnews.vn/economy/1721534/more-than-86-million-bank-accounts-to-be-terminated-from-september-1.html)

July 16, 2025
More than 86 million bank accounts that have not been biometrically authenticated or have been 'frozen' for a long time will be deleted starting September 1 to prevent fraud and cybercrime.

According to the State Bank of Vietnam (SBV), there are currently around 200 million bank accounts in the country.

However, after the implementation of biometric authentication requirements, the system has recorded only 113 million personal accounts and more than 711,000 organisational accounts that are still valid...

The SBV stated that the deletion of over 86 million bank accounts was considered a system cleanup measure.