Highlights from the FT crypto and digital assets summit | FT Live

Highlights from the FT crypto and digital assets summit | FT Live

If I look at cryptos, how can we build the best of two worlds? We have on one side a technological promise which is very interesting, we'll speak about blockchain, DLT, we are very interested in all these technologies. And we have on the other side, the trust, the long-term stability, which we central banks provide and in a better way than unregulated cryptos without any doubt. I could say it this way, unregulated cryptos are so to say a stimulator to general innovation. But they are such a bad answer to a real challenge.

If we don't regulate cryptos, if we don't innovate on the central bank side, and we will discuss that with CBDC for instance, then we could have private fragmentation in payments. Let me insist on that, perhaps. We have at present geopolitical fragmentation, obviously, with Ukraine, Russia, and with this whole troubled world we live in. We shouldn't add to this geopolitical fragmentation, private fragmentation in payments. And this is really the purpose of all our efforts on experimentation and innovation.

We are now integrating with traditional financial sectors much better. And so I do believe that crypto cannot exist on its own. Today, 99.7 per cent