Yves Mersch, Member of the Executive Board of the European Central Bank (ECB), Cryptocurrencies Qualified "Contagion and Contamination of the Existing Financial System" during an interview with 4 Technology on February 8.

The traditional and crypto markets fell sharply at the beginning of the week, prompting financial jitters. institutions such as the wave of banks banning credit cards for cryptographic purchases.

Mersch warned against the risk that cryptographic markets would further influence traditional markets, as the two became more interconnected:

"If you have more and more bridges between the virtual world and the real world and that there is a collapse in this virtual world, this could drain the liquidity of the real world.When Bloomberg interview, Mersch recommended that the regulatory options be examined even before the next March G20 summit in Argentina, where the regulation of crypto should "For me, an obligation would already be to force unregulated platforms to report transactions in a harmonized way to the deposits so we have access to the information – also in »

Mersch adds that the ECB is also concerned about " the social and psychological effect " q cryptocurrencies "seem to have".

On February 6, the Director General of the Bank for International Settlements (BIS), Augustín Carstens, also expressed concern over the growing integration between cryptocurrencies and finance traditional. Carstens called Bitcoin a "Ponzi scheme" and warned of a "threat to financial stability" if cryptocurrencies became more related to the global financial system .

that the European Central Bank fully agrees with the Carstens case:

"You will not be surprised to know that we at the ECB We are fully in agreement with his views and we have similar concerns, or similar efforts we are working on. "

Yesterday in an interview with CNBC, the Chairman of the ECB's Supervisory Board Daniele Nouy stated that the future involvement of banks regulated by the ECB in crypto regulation was "very very low," and the encryption regulation for the ECB itself was "not exactly very high on his list of things to do. "