According to the executive, the need to tighten regulatory oversight stems from the “disorder” in the industry throughout the past year.Banque de France Governor Francois Villeroy de Galhau has urged for subjecting crypto businesses to stricter regulatory requirements. Licensing must be introduced instead of the current registration in response to the recent volatility in the sector, he insisted.
De Galhau also thinks that Paris should not hesitate but act even before the upcoming EU regulations take effect and make it obligatory for Digital Asset Service Providers to obtain licenses from the French government, Bloomberg reported. Around 60 platforms working with cryptocurrencies have so far registered with the Autorité des Marchés Financiers (
Should France authorities in Paris start licensing crypto service providers?
🔥 🔥 🔥 😍 🇫🇷🇫🇷🇫🇷
Regulation is necessary for mainstream adoption. Nice to know that traditional financial institutions are onboarding to Web3. Soon, a major chunk of our digital presence will be on the blockchain.
And India is thinking about banning cryptocurrency Indiais2yearsrunningback
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No more free and wild west
I guess the French Central Bank governor just wants to make sure all us crypto companies get the proper recognition we deserve. French Crypto
Ils vont tuer les entreprises de la tech, le hub français … laissez moi rire, avec des incapables à de telle poste on est pas près d’être le hub
Good luck
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👇 according to Investingcom
Watch out for the leading french based blockchain company iExec
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This is exactly why I only trust ChiefraFba for signals and analysis