François Villeroy de Galhau, member of the European Central Bank (ECB), the Board of Directors and Governor of the Banque de France, declared the embrace of the cryptocurrency in the American risks triggering the next financial emergency.
The United States “risks traveling negligence,” said Villeroy in an interview with the French newspaper La Tribune Didanche.
“By encouraging Crypto assets and non-banking finances, the American administration is selling the seeds of future upheavals,” he said, adding that monitoring cryptographic industry is safer in Europe.
Donald Trump courted the cryptocurrency industry as part of his campaign on returning to the White House last year and as a president signed an executive decree for the creation of a strategic bitcoin reserve and a separate trefoil for other digital assets.
Villeroy added that Europe must attract more international investors to the euro, to help currency assume a more important role internationally in the face of President Trump’s pricing policies.
