Necva Tastan Sevinc

French President Emmanuel Macron called for tighter regulation of cryptocurrencies to prevent what he described as a “new Wild West” that could be exploited by criminals and terrorists, according to remarks delivered at a conference on terrorism financing in Paris.

Speaking Tuesday at the 5th “No Money For Terror” conference held at the French Finance Ministry in Bercy, Macron warned against allowing crypto assets to undermine existing financial safeguards and transparency rules.

“There is no sustainable, peaceful world, no regulation, and no financial stability for our countries if, in a way, we reinvent a Wild West that we have regulated,” Macron said, according to French…