Banque de France president François Villeroy de Galhau spoke about the crypto industry at a technology event he attended today. Taking the floor at the conference, the head of the Central Bank called for international cooperation to regulate crypto companies.
He emphasized that a single country is not enough to supervise companies bearing the title of legal entity. The French official believes that the European Union is ahead of the United States in crypto regulation. François Villeroy de Galhau expressed the need for a new version of MiCA, despite his boasting of the EU.
France MB President François Villeroy de Galhau
Multinational companies can somehow escape cryptocurrency regulation. Together with MiCA 2, we must prevent this situation.
MiCA Act Passed by Parliament!
The crypto regulation law, which the European Union has been working on for a long time, has become official. The MiCA law, which passed the parliament in April, was published in the official gazette weeks ago. These regulations will come into effect piecemeal in 2024 and 2025. In the EU’s cryptocurrency regulation, identity verification and crime concerns came to the fore more than income.
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