ECB Governing Council Member: Trump's encouragement of cryptocurrency is sowing seeds of future turmoil

Odaily Odaily News reports that Villeroy, a member of the European Central Bank's Governing Council, said in an interview with the French newspaper La Tribune Dimanche over the weekend that "the US government is sowing the seeds of future turmoil by encouraging the development of crypto-assets and non-bank finance." Villeroy stated that Europe's regulation is better protected and that there is no risk of a banking crisis in the Eurozone. Forexlive analysts said they do not believe a crisis is imminent, but that saying there is no risk seems overly confident.