François Villeroy de Galhau, the governor of the Banque de France, expressed his concerns about the deregulation of the crypto ecosystem by Donald Trump. What are his words?
The Governor of the Banque de France shows reservations about Donald Trump's crypto policy
Since the start of the year, The United States has radically changed position with regard to their approach to cryptocurrencies. Over the months, we note that this bias inspires as much as it arouses mistrust. As for Donald Trump's detractors, François Villeroy de Galhau, the governor of the Banque de France, just expressed his point of view during an interview with La Tribune on Sunday.
While he notes that “Financial crises are often born in the United States and spread to the rest of the world“, He was critical with regard to the country's new regulatory approach, believing that it could”negligence“:
By encouraging cryptocurrencies and non -banking finance, the American administration sows the seeds of future upheavals.
However, it assumes that the European block would be sufficiently solid and that there would be no risk of a banking crisis within the Union.
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Historically critical with regard to cryptocurrencies, the governor of the Banque de France had put water in his wine last November after the victory of Donald Trump. If he was always suspicious of Bitcoin (BTC), by calling it as risky assets, he said, however, that this did not mean that we could not invest in it.
While the words of the time nevertheless did not constitute a change of position, the central banker reaffirms here his skepticism through this new interview.
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More broadly, François Villeroy de Galhau also points to the attitude of Donald Trumpwhich is generally not placed under the sign of half measures:
We actually witness great brutality on the American side. […] Donald Trump seems to nourish this false vision that the global economy is a zero -sum game.
Moreover, this attitude did not fail to react the financial markets lately, while by effect of communicating vases, cryptocurrencies have also corrected.
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In any case, it is still too early to judge medium -term effects of Donald Trump's policy on the stability of financial markets, and more particularly with regard to cryptocurrencies. With or without the American president, blockchain technologies benefit from an increasing adoption in the world of finance, as we observe a little more each year.
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Source: La Tribune on Sunday; Image: Manuel Lopez via Flickr (CC by-NC-SA 2.0)
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Since 2021, I have devoted my free time to seriously train myself on cryptocurrencies in order to acquire maximum knowledge and credibility. I often have the opportunity to carry out interviews with influential personalities from the blockchain industry. I also conduct in -depth analyzes on web3 themes to offer exclusive content to cryptoast readers.
Vincent Mayor
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