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ECB's Villeroy calls for accelerated crypto regulation

Amid the growing cryptocurrency market, Villeroy de Galhau, member of the European Central Bank's Governing Council and Governor of the Bank of France, has called for faster adoption of cryptocurrency regulations

Villeroy believes that the cryptocurrency market is developing at a fast pace, and as a trillion dollar economy, it should be regulated by the regulatory framework.

The official also advocated for Central Banks to keep control of the cryptocurrency market and warned against possible Digital Yuan dominance.

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