French central bank governor urges mandatory licensing for crypto companies.
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 (
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