Supervise crypto first, say BdF and French markets authority
French supervisors call for Europe-wide regulation of digital asset class
The Banque de France (BdF) and the French markets authority are calling for EU-wide supervision of crypto asset providers.
In an open letter released on November 14, the central bank and the Autorité des marchés financiers (AMF) argue that a pan-European supervision mechanism would better protect investors and “enable more effective oversight of the crypto asset markets”.
The authorities state that crypto asset providers are often non-compliant with cyber security rules, and that risk-mapping
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