Recently, the cryptocurrency policy of the US administration under Donald Trump has been causing serious concern among European regulators.
François Villeroy's Speech
French Central Bank President and European Central Bank Board member Francois Villeroy expressed his concerns about Donald Trump's cryptocurrency policy, highlighting the potential threat of a new financial crisis. In an interview with the French agency La Tribune Dimanche, he emphasized the risks associated with US support for cryptocurrencies and non-bank financial instruments.
US Cryptocurrency Policy
The US administration under Donald Trump is taking steps to support cryptocurrencies and non-bank financial services. François Villeroy believes such approaches may lay the groundwork for future financial challenges affecting not only the US but the global economy as well.
Opinions on Financial Crisis
Villeroy noted that European regulations are robust enough to protect the European Union's 27-nation economy from potential crises. He emphasized that there is no risk of a banking crisis in Europe, despite US policies.
The criticism of US policy by European leaders indicates growing tensions over cryptocurrency market regulation. The question of balancing innovation with financial stability remains unresolved.
