HawkInsight

  • Contact Us
  • App
  • English

French central bank governor: U.S. support for cryptocurrencies may trigger financial crisis

According to online reports, François Villeroy de Galhau, a member of the European Central Bank (ECB) Management Committee and governor of the Bank of France, said that the U.S. government's support for cryptocurrencies may trigger the next financial crisis. By encouraging crypto assets and non-bank financing, the U.S. government is sowing the seeds of future turmoil. Villeroy added that Europe's more robust regulation of the crypto industry would help reduce systemic risks, and warned that the United States "may make mistakes through negligence."(CoinDesk)

Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.

NewFlashHawk Insight
More