Villeroy of the European Central Bank says that the US encryption support will lead to a financial crisis
European Central Bank Board of Directors Francois Felieroy de Galhao revealed that the United States is a risk to the next financial emergency. He said that the United States’s support for encrypted currencies and non -banking financing will lead to another financial crisis.
in interview With French Weekly La Tribune Dimanche, Felieroy said, “The United States risks the disease through neglect.” The French civil employee also highlighted that European supervision had been better secured and argued that there was no risk of a banking crisis in the European Union.
Felieroy believes that the United States will bring the following financial crisis
European Central Bank Board member Francois Felieroy de Galhao believes that American risks cause the following financial collapse. The European Central Bank member said that the state’s support for virtual currencies and non -banking financing will lead to a state of financial emergency.
Financial crises often arise in the United States and spread to the rest of the world. By encouraging encrypted buttons and non -banking financing, the American administration thrives the seeds of future turmoil. “
Rancois Villeroy de Galhau, member of the Board of Directors of the European Central Bank.
The banker also emphasized that the euro should be more important internationally. Felieroy believes that Europe needs to “build a strong union for investment and investment, capable of attracting international investors to our currency.” Banque de France said that digital assets can generate larger savings for the financial industry and the final users.
US President Donald Trump defended digital assets during the campaign last year, and he maintained a part of his promises. Trump has signed an executive order calling for the creation of Bitcoin strategic reserves and a separate stock of other digital currencies. Since the former Gary Ginsler resigned when Trump took office, the Securities and Stock Exchange Committee fell about ten legal measures against digital asset companies.
Digital assets Veldre heroes in Europe
In January, European Banking He said This asset symbol is another movement of Earth that can enhance trade and post -trade. Villeroy argued that the asset code paved the way for another acceleration with the widespread implementation of the T+0 (settlement guarantee on the same day of the implementation of transactions).
The European Securities and Markets Authority (ESMA) suggested last year that the European Commission and the participating commissioners estimate the opportunity to oversee the level of Europe for digital asset service providers. The French civil employee argued that the direct supervision mechanism will enable more effective supervision of the encryption industry and provide better protection for European investors in the long term.
Viria male Europe has made the right step by adopting the Mika list. He said, “The failure to organize encrypted costumes and non -banks today would sow seeds for the financial crisis of tomorrow.”
Bank de France ruler He said On May 6, 2024, central banks will need both wholesale and retail cryptocurrencies. He emphasized that central banks need risk instead of waiting for “absolute certainty” to new technology. Villero told the bank for international settlement (BIS) that central banks in Europe should not “fail” technology like the distinctive symbol.
Villeroy added that the central bank’s digital currency will ensure the ability to transfer between distinctive assets and serve as a reliable basis for trust for new technologies to achieve its full potential. A research From the European Central Bank it was found that most consumers would not take the digital euro if they were chosen for the option. The European Central Bank said that the main motivation for the creation of the digital euro is a decrease in use and acceptance of cash in daily payments and the increase in digitization on the payment scene.
Members of the Committee at the European Central Bank conference and the Observer Conference as well Agreed On March 12, the European Central Bank policy framework did not need to change despite the changes in external conditions.
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