Central banks vs Bitcoin: Who deserves the public’s trust?

At the World Economic Forum in Davos, the French central bank governor and Coinbase CEO clashed over whether trust in money comes from institutions or decentralized Bitcoin.

The long-running tension between central banks and Bitcoin resurfaced at the World Economic Forum in Davos, where senior executives and policymakers debated regulation versus innovation in digital finance.

Trust in money must come from regulated public institutions rather than private crypto issuers, French central bank Governor François Villeroy de Galhau said during a panel titled “Is Tokenization the Future?” on Wednesday.

“The guarantee for trust is independence on the central bank side,” Galhau said, adding: “I trust more independent central banks with a democratic mandate than private issuers of Bitcoin.”

Read more