Bank of France Governor Advocates for Revamping EU Crypto Regulations

Bank of France’s Governor, Villeroy de Galhau, recently underlined the critical role of international cooperation, such as MiCA 2, in regulating cryptocurrency firms. He illuminated the essential requirement for collaborative efforts to effectively address the challenges posed by these holdings, during his speech at a technology forum in Paris. Is MiCA the Solution for Crypto? In light of this, Villeroy broached the idea of reviewing the recently adopted crypto legislation in the European Union. He underscored the potential necessity of comprehensive measures aimed at overcoming this multifaceted issue. Villeroy pointed out the inadequacy of single-handedly regulating individual entities within a single jurisdiction. He referenced practices of American crypto firms operating through different legal entities across multiple jurisdictions, further underlining the pressing need for global collaboration against this complex challenge. Whilst acknowledging the commendable advancements of the European Union in the field of crypto regulation, Villeroy presented views on the potential […] The post Bank of France Governor Advocates for Revamping EU Crypto Regulations appeared first on COINTURK NEWS.