Crypto Conglomerates Need to Be Regulated, Bank of France Says
- Central bank head Villeroy comments at VivaTech event in Paris
- New version of MiCA is probably needed, Villeroy says
Francois Villeroy de Galhau
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
International cooperation is needed to regulate crypto conglomerates, Governor of the Banque de France François Villeroy de Galhau said at VivaTech event in Paris on Friday.
It is not sufficient to regulate one legal entity in one jurisdiction, Villeroy said, adding that in the US crypto companies have various legal entities operating in various jurisdictions, hence the need for international collaboration.