De Galhau warns of ‘full dollarisation’, while head of crypto exchange heralds dawn of ‘bitcoin standard’
Left to right: Brian Armstrong and François Villeroy de Galhau
The governor of France’s central bank and the head of a US crypto exchange have clashed over stablecoins during a discussion at the World Economic Forum in Davos.
During a panel at the event on January 21, the Banque de France’s François Villeroy de Galhau warned that tokenisation “could mean full dollarisation” for some emerging markets, as the privatisation of money – through the propagation of dollar-backed stablecoins – could put their sovereignty at risk. Some “emerging powers” in the G20
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com test test test
Most read articles loading…
Back to Top
You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.
You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.
You are currently on corporate access.
To use this feature you will need an individual account. If you have one already please sign in.
Alternatively you can request an individual account
.
by :
Source link
