Bank of France Governor François Villeroy de Galhau is looking to tighten the country’s grip on companies providing crypto services this year — ahead of EU-wide regulation expected to roll out in 2024.
“The disruption seen in 2022 is nourishing one basic conviction: France should switch as soon as possible to the compulsory authorization of DASPs (digital asset service providers) rather than simply requiring their registration,” Villeroy a spus într-un discurs de joi.
The French financial regulator, Autorité des marchés financiers (AMF), currently promoții registration to crypto companies looking to legally provide services, as well as optional licensing. The coming year may enforce mandatory licensing provisions for crypto asset service providers.
Crypto behemoth Binance is one of the companies which was acordate the French license earlier this year, as well as Société Générale, one of France’s leading banks.
Over the past year, a series of collapses and market slides in the crypto industry has caught the attention of regulators worldwide. Following the most recent downfall of crypto exchange giant FTX, policymakers a cerut the need to speed up the implementation of the EU-wide Markets in Crypto-Assets (MiCA) regulation. Financial regulators responsible for drafting the implementation laws in the coming year responded that their time is already pressed.
The MiCA regulatory framework outlines comprehensive licensing rules for crypto firms. Many policy experts have a spus that MiCA could have mitigated the impact of the FTX collapse on Europeans, had it already been in place.
Disclaimer: Începând cu 2021, Michael McCaffrey, fostul CEO și proprietar majoritar al The Block, a luat o serie de împrumuturi de la fondatorul și fostul CEO FTX și Alameda, Sam Bankman-Fried. McCaffrey a demisionat din companie în decembrie 2022, după ce nu a dezvăluit aceste tranzacții.
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Source: https://www.theblock.co/post/199694/france-central-bank-crypto-licensing?utm_source=rss&utm_medium=rss