The Bank of France’s head said turmoil in the crypto markets proves the need to move to a mandatory licensing scheme for crypto firms “as soon as possible.”
Global financial regulators will discuss crypto at G7: Report
Bank of France Governor François Villeroy de Galhau reportedly said that the recent crypto market volatility had been a “wake-up call” for global regulators.
‘We don’t have much time left’ to regulate crypto, says Bank of France governor
“We in Europe need to move as quickly as possible or risk an erosion of our monetary sovereignty,” said Francois Villeroy de Galhau.
Bank of France’s Deputy Governor Discusses CBDC Progress, Regulatory Changes
The Bank of France’s deputy governor said there has been a “hands-on approach” with the bank’s experiment to launch a digital euro for the general public.
Accenture, HSBC, Seba Bank Among Bank of France’s Eight CBDC Finalists
The Bank of France’s central bank digital currency (CBDC) experiments are moving forward with eight candidate firms picked to begin work “in the coming days,” the central bank said in a press release Monday.
French Central Banker: The World Needs to Standardize Crypto Regulations
A French central banker is calling for a global regulatory framework on crypto assets.
France’s Central Bank: Keep Financial Institutions Out of Crypto
A report from the Bank of France advocates strict regulations for crypto-assets, including a ban on activity by banks, insurers and trust companies.