EU worries US embrace of crypto assets could impact Europe financial stability


FILE PHOTO: People pass by a Bitcoin ATM where cryptocurrencies such as Bitcoin and Ethereum, along with others, can be purchased, in Madrid, Spain, March 10, 2025. REUTERS/Violeta Santos Moura/File Photo

BRUSSELS (Reuters) - Euro zone finance ministers are worried that the change of policy under the new U.S. administration to embrace cryptocurrencies could affect euro zone monetary sovereignty and financial stability, top officials said on Monday.

Last week, U.S. President Donald Trump, who vowed to be a "crypto president" in his campaign, signed an executive order to establish a strategic reserve of cryptocurrencies by using tokens already owned by the government, in a policy pivot from the previous administration.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Lawmakers raise concerns about Echostar deals to sell wireless spectrum to AT&T, SpaceX
Big Tech-backed coalition supports biowaste carbon removal firm
Zara turns to AI to generate fashion imagery using real-life models
Accenture beats quarterly revenue estimate on strong demand for AI services
Trump Media bets on fusion energy with $6 billion TAE deal
Meta's Yann LeCun targets $3.5 billion valuation for new AI startup, FT reports
UPS company deploys AI to spot fakes amid surge in holiday returns
US crypto industry cheers 2025 wins, but party may fizzle next year
Russian ban on Roblox stirs debate about limits of censorship
A dashcam tracked the road rage of UK man who drove into football parade

Others Also Read