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European Central Bank Governing Council Member: U.S. support for crypto assets and non-bank finance lays the foundation for future turmoil

Internet reports that European Central Bank Governing Council member Francois Villeroy de Galhau said that U.S. support for cryptocurrencies and non-bank finance may trigger the next financial emergency. In an interview with the French weekly "Sunday Tribune", he said: "The United States may commit crimes through negligence. Financial crises often originate in the United States and spread to other parts of the world. By encouraging crypto assets and non-bank finance, the U.S. government is sowing the seeds of future turmoil." Galhau added that regulation in Europe was more secure and said there was no risk of a banking crisis in the EU.

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