European Union Internal Affairs Commissioner Ylva Johansson, in her statements at the Munich Security Conference, bitcoin or including digital Euro cryptocurrency He said that he is open to the units, but regulations should be made first to prevent fraud cases.
Johansson explained his views on the subject as follows:
“I don’t have any problems with digital currencies, but we have to regulate these currencies properly. Thus, the anonymity feature of these networks cannot be used by criminal organizations and terrorists.”
This statement by Johansson was also an indication that Europe approached cryptocurrencies more moderately than China. China recently banned all crypto transactions.
Sam Bankman-Fried and Christian Angermayer Also Talked About Cryptocurrencies at the Panel
In the panel, where Johansson emphasized crypto regulation and fraud prevention, Sam Bankman-Fried, founder of crypto money exchange FTX, and German entrepreneur Christian Angermayer, co-founder of asset manager Cryptology Asset Group, took the floor.
Bankman-Fried said that while he is aware of the risks of using cryptocurrencies by criminals, crypto platforms have greatly improved their surveillance mechanisms.
Speaking at the panel, Angelmayer stated that billions of people around the world do not have access to their bank accounts and argued that “financial institutions generally protect their own interests”. Angelmayer said that this situation can be resolved by duplicating technologies embedded in the Blockchain, such as Bitcoin and the digital dollar or digital Euro.
Against China’s digital Yuan moves, Europe and the USA have recently accelerated their work on the digital dollar and digital Euro.