ECB's Villeroy - Need to strongly and quickly regulate crypto assets internationally

Villeroy speaking in Tokyo.

• Need to strongly and quickly regulate crypto assets internationally
• latest episodes show that we can't allow for second 'crypto winter' to add to uncertainty and financial instability

Also with economy and policy related comments:

• We are clearly approaching 'normalisation range', which can be estimated at around 2%
• Says we have removed substantial part of accommodative policy, after ECB governing council brought deposit facility rate to 1.5% on Oct. 27
• Fiscal measures should be targeted in keeping 'price signal' that provides incentive to decrease energy consumption
• Though fiscal measures are politically needed, they should remain temporary and targeted at consumers who need them most

• Signs of peaking headline and core inflation in united states last Thursday are good news for everyone
• Favourable condition to interrupt rate hikes would be clear signs of turnaround in core inflation trend
• 'jumbo' rate hikes will not become a new habit
• We will probably continue to raise rates, but may do so in a more flexible and possibly less rapid manner
• We are clearly approaching 'normalisation range', which can be estimated at around 2%

eur EUR The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value Read this Term