TechFlow news, on February 19, according to Jinshi News, ECB Executive Board member Panetta said that Trump's proposed executive order on cryptocurrency would encourage banks to participate in the sector, but it is still too early to assess the specific actions taken by the United States.
Panetta emphasized that differences in regulatory approaches between the U.S. and Europe pose challenges, and Europe needs to avoid excessive regulation, while also warning against a race to loosen regulations. He also stated that there is room for simplification in the banking regulatory framework.
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