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.

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