Why are Trumps crypto policy worrying in Europe – DL News

The hug of cryptocurrius Donald Trump is worrying for Europe, says the official in the 27th Block.

“That could eventually become plans of foreign and American technological giants to launch mass solutions based on stembs from dollar-anominized dollars” said Pierre Gramegna, Director General of the European Stability Mechanism, Intergovernmental Organization of the European Union.

“And, if that would be successful, it could affect the monetary sovereignty of the euro and financial stability.”

He has passed comments on the back of the meeting of the European Funding Ministers.

In order to address this threat, he called on the European Central Bank to make a “digital euro reality to protect the strategic autonomy of Europe”.

Concerns come after US president signed lubrication Pro-cripto Police policeSilked silk founder of silk road Ross UlbrichtIt is appointed to be adapted to industrial candidates on the key positions of the Government and swore to end the CRIPTO CalkDown Biben Era.

Libra fears

Gramegna echoed by the EU leaders held in 2019., when Facebook and Consortium of E-Trade, Technology and Finance Firms have announced launch plans Scalescryptocurrency controlling these companies.

The project was later remarded as Diim and provoked a return role and politicians and advocates who were afraid that this would endanger monetary sovereignty also alleged individual privacy.

Facebook Scandal with Cambridge Analytic was only discovered only in 2018. years and discovered the Trump campaign abused 87 million User information Facebook users

In response, the EU began creating a central bank digital currency, digital euro.

Facebook-owner of the target later the project has typed after several partners gave up the DIEM association.

The Trump’s hug of cryptocurries reiterated concern among the European leaders.

“We know that this is a global market and policy development in other jurisdictions, they can have important consequences for us here in Europe,” Pashal Donohoe, Chairman of EuroGroup Ministers Finance, said in a statement.

“Thus, these discussions are basically connected with our own autonomy and resistance to our currency. The digital euro is critical to stay in front of the curve in this area.”

Ervin Voloder, the head of Politics in the European Association of Blocchain, said DL News Tuesday concern among members of the European Current Zone can be followed in Trump Cleaning 23. January executable.

In it, the president has banned agencies in the United States from any work to create or promote CBDC.

“It is a threat in which it doubles in the depth of the CBDC while other leading jurisdictions in the second direction,” Voloder said.

Eric Johansson is an editor news DL News. You have the top? E-mail to eric@dlnews.com.