By Bitcoin.com - 1 ane de sa - Tan pou lekti: 2 minit
Gouvènè Bank of France mande pou lisans obligatwa pou konpayi kriptografik yo
France has to adopt a licensing regime for crypto service providers, the head of the country’s central bank has suggested. According to the executive, the need to tighten regulatory oversight stems from the “disorder” in the industry throughout the past year.
Licensing Should Replace Registration for Crypto Firms in France, Governor Galhau Says
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 (DASPs) 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 (AMF), France’s financial markets authority, including global players such as Binance, pi gwo echanj kripto nan mond lan.
Licenses are still optional and there are no licensees yet among the digital asset service providers registered in France. Speaking to representatives of the financial sector on said Thursday, Villeroy de Galhau stated:
Tout dezòd la nan 2022 nouri yon kwayans senp: li se dezirab pou Lafrans deplase nan yon lisans obligatwa nan DASP pi vit ke posib, olye ke jis enskripsyon.
Digital asset service providers which want to be granted a license are required by the AMF to comply with certain standards in terms of organization, available financial resources and business conduct, the report notes.
The governor’s proposal comes after last summer key EU institutions and member states reached an akò on the new Markets in Crypto Assets (MiCA) legislation and achieved konsansis on a set of new anti-money laundering rules for the industry.
The regulatory package is expected to enter into force in 2023 but businesses will have another 12 to 18 months to comply with it. Brussels also wants to oblige platforms processing crypto transactions for EU residents to rapòte to tax authorities in the Union.
Do you think France will introduce a licensing regime for crypto companies before MiCA enters into force? Share your expectations in the comments section below.
Sous orijinal: Bitcoin. Avèk