CBDC will be used for ‘control,’ ECB president admits in vid chat with fake Zelensky

April 06. 2023

By Luke Huigsloot

The ECB president admitted that “there will be control” in regards to a digital euro, much to the displeasure of the crypto community.

A widely shared video of European Central Bank President Christine Lagarde admitting that a digital euro will be used in a “limited” way to control the payments that people can make was taken from a three-week-old prank video.

The video was highlighted by the breaking news account Watcher Guru on April 6 and generated a significant amount of social media chatter. In it, Lagarde cited a desire to not be reliant on an “unfriendly countries currency,” or a currency provided by a “private corporate entity like Facebook or like Google.”  She said she is “personally convinced that we have to move ahead” with the digital euro.

Cointelegraph traced the original source of the video to a prank video from March 17 in which Lagarde appears to speak more candidly than normal, as she believed she was speaking to Ukraine President Volodymyr Zelensky.

The pranksters have had similar conversations with other public figures, including Harry Potter author J.K. Rowling and former United States President George W. Bush.

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