Eurozone finance ministers discuss response to US cryptocurrency policy

The finance ministers of Eurozone member countries held a meeting. During the meeting, in addition to discussing the macroeconomic development of the Eurozone and coordinating Eurozone budget policies, they also focused on how to seek countermeasures against the cryptocurrency policy of the Trump administration in the United States. US President Trump recently stated that the federal government will support the development of cryptocurrencies represented by Bitcoin and their digital asset markets. Last year, Trump also declared during the campaign that he wanted the US to become the world's superpower in Bitcoin and the global capital of cryptocurrencies. In response, the EU is concerned that the spread of cryptocurrencies may endanger the authority of the Euro as a medium of exchange, thereby weakening its position in the market and causing it to play a more marginal role in an increasingly common world of online payments.