France Calls on EU to Give ESMA Direct Oversight of Major Crypto Firms
France has urged the European Union to give its top markets regulator, the European Securities and Markets Authority (ESMA), direct authority over major cryptocurrency firms operating across the bloc.
Key Takeaways:
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France wants the EU’s top markets regulator, ESMA, to directly oversee major crypto firms.
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Bank of France Governor François Villeroy de Galhau called for tighter control over stablecoins.
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The proposal comes amid EU efforts to centralize supervision and strengthen financial stability.
Speaking Thursday, Bank of France Governor François Villeroy de Galhau said the move would ensure consistent supervision and enforcement of crypto regulations under the EU’s Markets in Crypto-Assets (MiCA) framework.
He…
