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Governor of the Bank of France urges the EU to directly regulate cryptocurrency companies

Governor of the Bank of France urges the EU to directly regulate cryptocurrency companies

Chaincatcher2025/10/09 10:46

ChainCatcher news, according to Bloomberg, the Governor of the Bank of France, Francois Villeroy de Galhau, has suggested transferring regulatory authority over cryptocurrency industry enterprises to the European Securities and Markets Authority (ESMA) to ensure the uniform implementation of standards within the European Union.

He also called for tightening the European digital asset regulatory framework. A notable aspect of this framework is that it allows cryptocurrency companies to apply for licenses in individual EU member states and use these licenses as a "passport" to operate across all 27 member countries. Villeroy de Galhau stated that this framework would benefit from stricter regulation of the issuance of the same stablecoin both inside and outside the EU, in order to reduce arbitrage risks during periods of stress.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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