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Reading: Ahead of the MiCA Vote, the Governor of the French Central Bank has called for Stricter Crypto Regulations
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Blockscroll > Crypto > Ahead of the MiCA Vote, the Governor of the French Central Bank has called for Stricter Crypto Regulations
Crypto

Ahead of the MiCA Vote, the Governor of the French Central Bank has called for Stricter Crypto Regulations

Mridul Srivastava
Last updated: 2023/01/06 at 10:26 PM
By Mridul Srivastava 4 weeks ago
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1 Min Read
Ahead of the MiCA Vote, the Governor of the French Central Bank has called for Stricter Crypto Regulations
Ahead of the MiCA Vote, the Governor of the French Central Bank has called for Stricter Crypto Regulations
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  • Bank of France Governor Francois Villeroy de Galhau has urged for more regulatory frameworks for cryptocurrency enterprises, even as European Union nations plot a route toward comprehensive regulation.
  • Because of the recent volatility in the industry, Villeroy believes France should not wait for European standards to take effect before mandating licencing for Digital Asset Service Providers (DASPs).
  • DASP licencing laws are currently optional. Persons that perform “crypto trading” and “custody services” on behalf of third parties, on the other hand, must register with the AMF.
  • France has a lax regulatory system for digital asset providers, which has often hampered its attempts to position itself as the top player country among EU states.

Bank of France Governor Francois Villeroy de Galhau is urging tougher regulatory requirements for crypto firms https://t.co/PZYmkeNH4N

— Bloomberg Crypto (@crypto) January 5, 2023

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TAGGED: Crypto, Crypto Regulations, Cryptocurrency, France
Mridul Srivastava January 6, 2023
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Mridul Srivastava
By Mridul Srivastava
Mridul is an MBA pursuing a content writing career. He is a dedicated, detail-oriented freelance writer with over 2 years of experience and knowledge in the fields of Web3, blockchain, cryptocurrency, and NFTs. He is skilled in producing long and short content per the guidelines and client requirements for maximum search engine optimization.
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