Summary
- The French central bank governor criticized President Trump's crypto asset policy for causing confusion.
- Governor de Galhau pointed out that the U.S. encouragement of crypto assets and non-banking finance has sown seeds of financial crisis.
- He stated that Europe's supervisory framework is well secured and there is no risk of banking crisis in the Eurozone.
French Central Bank Governor François Villeroy de Galhau has delivered a strong criticism of U.S. President Donald Trump's cryptocurrency policy.
According to Bloomberg on the 16th (local time), Governor de Galhau stated during an interview with local media that "financial crises often start in the United States and spread globally," adding that "the U.S. administration is sowing seeds of confusion by encouraging crypto assets and non-banking finance."
Governor de Galhau further claimed that "Europe's supervisory framework is better secured, and there is no risk of a banking crisis in the Eurozone."
Uk Jin
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