Governor of the Bank of France debates the source of monetary trust with an exchange at the Davos Forum

PANews, January 21 — According to Cointelegraph, at the World Economic Forum in Davos, the Governor of the Bank of France and the CEO of a certain exchange debated the source of trust in currency. François Villeroy de Galhau, Governor of the Bank of France, emphasized that trust in currency must come from regulated public institutions rather than private crypto issuers, and that the independence of central banks is the guarantee of trust.

The exchange CEO, Brian Armstrong, responded that bitcoin, as a decentralized protocol, has no issuer and its independence surpasses that of central banks. He believes there should be "healthy competition" between bitcoin and central banks, and that the public's right to choose will become the strongest accountability mechanism for fiscal deficits. While de Galhau places more trust in central banks, he acknowledged that currency has always been the result of public-private cooperation, and pointed out that tokenization can play a role within a regulatory framework. He stressed that regulation is the guarantee of trust for innovation, not an obstacle. At the same time, he clarified that the digital euro aims to modernize payments and safeguard monetary sovereignty, rather than replace private financial institutions.