MiCA too permissive? The Bank of France calls for strengthening it


7h35 ▪
4
min read ▪ by
Fenelon L.

Summarize this article with:

The governor of the Bank of France speaks out. François Villeroy de Galhau demands a transfer of cryptocurrency supervision to ESMA, based in Paris. Dollar-backed stablecoins particularly worry French authorities. Will Europe be able to impose its own vision against the American giants in the sector?

An authoritarian governor firmly stamps “MiCA” on a crypto document in a dramatic orange-hued office.An authoritarian governor firmly stamps “MiCA” on a crypto document in a dramatic orange-hued office.

In Brief

  • The Bank of France requests that ESMA directly supervise the main crypto actors rather than national regulators.

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