Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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French central bank governor warns: US support for cryptocurrencies could trigger financial crisis
2025-03-17 13:18

Odaily News François Villeroy de Galhau, a member of the European Central Bank (ECB) Governing Council and the Governor of the Bank of France, said that the US government's support for cryptocurrencies could trigger the next financial crisis, and by encouraging crypto assets and non-bank financing, the US government is sowing the seeds of future turmoil. Villeroy added that Europe's more robust regulation of the crypto industry will help reduce systemic risks, and warned that the United States "may make mistakes by omission." (CoinDesk)