The European CB official warns of the economic turmoil resulting from the US encryption policy

• A European CB official stated that the American encryption policy can lead to a global financial crisis.
• After the recent change in the administration, the American encryption sector witnessed a huge boom.

The stage of unifying the encryption market seems to be here to stay, according to the actions of the past few weeks. Bitcoin has again established a group of $ 83,000, causing a recovery to stop. Meanwhile, a certain Altcoins managed to maintain its upward trends in the sector.

It is worth noting that last day witnessed news of a European official from the Central Bank (the Central Bank) discussing controversial views on US encryption policies. Speaking in a French weekly interview, a member of the European Central Bank’s Board of Directors, Francois Felieroy de Galhao It stated that America carries risks with this new encryption policy.

Moreover, he discussed how historical data confirm that global financial crises often arise in America and then spread to other countries. The European CB official also stated that by encouraging financial gates for encryption and banks, the United States is “the seeds of the seeds of future turmoil.”

These comments attracted the attention of the market, especially amid the increasing dependence of encryption in both global and European markets. Second, the European CB official’s comment also raises concerns about obtaining second ideas about this sector.

Why does a European CB official find for us a policy of encryption?

Although the cryptocurrency has great benefits and the global financing sector on average, it realizes this, the idea still seems ridiculous for certain individuals. Moreover, complete decentralization and loss of governance on the financing sector can be confused and thus lead to this perception as shown above.

Moreover, with the change in the administration to the presidency of Donald Trump, the encryption industry witnessed a huge boom. The policy of the encryption of the United States also affects other countries to take over the concepts of supportive. This change in the perspective in the leading nation caused the concern of certain personalities.

These can be some of the reasons behind the European CB problems that find problems in the policy of encryption in the United States of America. At the same time, as mentioned, the current Bitcoin Tawheed has caused the market to enter a boring stage during the past few weeks.

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