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Warning to the US and Trump from Europe on Cryptocurrency! "We Have No Risk!"
As the new US administration under Donald Trump continues to take new steps against Bitcoin (BTC) and cryptocurrencies, the US crypto policies have received warnings.
According to Bloomberg, French Central Bank Governor and European Central Bank Board member Francois Villeroy said that Trump's focus on cryptocurrencies could lead to a new financial crisis.
Speaking to the French local news agency La Tribune Dimanche, François Villeroy expressed his concerns about Donald Trump's cryptocurrency policies.
Villeroy pointed to the support of the US administration for cryptocurrencies and non-bank finance, saying that they sow the seeds of future financial crisis.
Villeroy, who pointed out that these policies could lead to a financial crisis, emphasized that financial turmoil usually begins in the United States and then spreads globally.
Villeroy, who criticized the policies of the US, stated that the European regulations are strong enough to protect the bloc consisting of 27 countries and said "There is no risk of a banking crisis in Europe."