Subscribe to Updates

    Get the latest creative news from CRYPTO NOUNCE.

    What's Hot

    ApeCoin community declines creation of multi-link APE NFTs, here’s why

    March 27, 2023

    Australia’s prudential regulator says banks well equipped to handle a crisis By Reuters

    March 27, 2023

    Binance CEO CZ rejects allegations of market manipulation

    March 27, 2023
    Facebook Twitter Instagram
    Facebook Twitter Instagram Vimeo
    Cryptonounce.com
    Contact
    • Business
      • Deals
      • investors
      • IPO
      • Startups
      • Wall Street
    • Markets
      • Bonds
      • Commodities & Futures
      • Currencies
      • Funds & ETFs
      • Stocks
    • Crypto
      • Alticoins News
      • Binance News
      • Bitcoins News
      • Blockchain News
      • Ethereum News
      • Token Sales News
      • XRP News
    • Technology
      • Artificial Intelligence
      • Big Data
      • Cloud Computing
      • Cybersecurity
      • Gaming
      • Internet of Things
      • Mobile
      • Social Media
      • Transportation
      • VR & AR
    • FinTech
    • Personal finance
    • Grides
      • Crypto
      • FinTech
      • Investing
      • Personal Finance Guides
      • Techonology
    • Tools
      • Coins
      • ICO List
      • Organigations
      • Events
    Cryptonounce.com
    Home » French authorities seek to expedite the issuance of crypto licenses
    Binance News

    French authorities seek to expedite the issuance of crypto licenses

    AdmincryptBy AdmincryptJanuary 9, 2023No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    French authorities seek to expedite the issuance of crypto licenses
    Share
    Facebook Twitter LinkedIn Pinterest Email



    The French financial markets authority, Autorité des marchés financiers (AMF), is the latest regulator in the nation to push for cryptocurrency operators to be regulated.

    The AMF, in particular, is advocating for mandatory and expedited licensing of cryptocurrency entities not registered to provide services in the country, according to the agency’s chair, Marie-Anne Barbat Layani.

    Layani’s call follows the French Senate’s proposal to require digital asset entities to seek new registration before the European Union’s new Markets in Crypto Assets (MiCA) laws go into effect.

    “The AMF, like the parliament, calls for an acceleration of the transition to the mandatory licensing regime for unregistered service providers…Like traditional finance, FinTech in Paris must choose rigor and the protection of savers. It can count on the AMF to support it on this path.”

    Marie-Anne Barbat Layani, AMF Chair.

    Indeed, the official emphasized that FinTech players in the country must follow in the footsteps of the traditional finance sector while ensuring the regulator’s approval.

    Notably, French legislators had proposed enacting new laws mandating crypto companies to obtain new operational requirements by October 1, 2023, when the MiCa legislation is anticipated to go into effect.

    Currently, France is home to several prominent cryptocurrency-related businesses, such as the trading platform Binance, which are registered with the AMF. The registration process includes audits of companies’ governance and anti-money laundering compliance.

    No provider has yet been issued a voluntary license, a voluntary procedure according to French law.

    Central bank’s drive for stricter regulations 

    Simultaneously, the governor of the Bank of France, Francois Villeroy de Galhau, reaffirmed the significance of enacting stricter crypto regulations in order to safeguard investors following the recent meltdown of digital asset markets.

    According to Galhau, France should enact its own laws before joining the rest of Europe in a move that can establish a solid foundation and serve as a model for the rest of the world.

    Despite the country’s regulatory ambiguity surrounding cryptocurrencies, the central bank has previously established a foothold in the blockchain industry. The Central Bank of France, along with Nigeria’s, has joined the blockchain-focused Hyperledger Foundation.

    Notably, banks affiliated with Hyperledger have employed the platform’s open-source technologies in their research and production solutions.


    Follow Us on Google News





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticleVoyager tells court Binance acquisition plan is ‘sound business judgment,’ urgently needed
    Next Article Metropolitan Bank Announces Full Exit From Crypto-Asset Industry: What It Means To Customers – Metropolitan Bank Holding (NYSE:MCB)
    Admincrypt
    • Website

    Related Posts

    Do Kwon’s Montenegro detention extended, registered Serbian company before arrest as fugitive

    March 27, 2023

    US CFTC takes legal action against Binance, crypto markets fall

    March 27, 2023

    Vitalik Buterin sent coded message in Polygon zkEVM launch

    March 27, 2023

    OKX unveils OKB chain roadmap as project develops

    March 27, 2023

    Leave A Reply Cancel Reply

    Our Picks
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    Don't Miss
    XRP News

    ApeCoin community declines creation of multi-link APE NFTs, here’s why

    By AdmincryptMarch 27, 20230

    The ApeCoin DAO is in the process of rejecting the AIP-206 proposal. Most of Yuga…

    Australia’s prudential regulator says banks well equipped to handle a crisis By Reuters

    March 27, 2023

    Binance CEO CZ rejects allegations of market manipulation

    March 27, 2023

    The first quarter of 2023 is about to end. ‘Fast Money’ traders look ahead to earnings season

    March 27, 2023

    Subscribe to Updates

    Get the latest creative news from CRYPTO NOUNCE.

    NEWS
    • Business
    • Crypto
    • Blockchain
    • Markets
    • Technology
    FEATURED SECTIONS
    • Coins
    • ICO List
    • Organigations
    • Events
    • Grides
    FEATURED LINKS
    • Story of the day
    • Videos
    • Infographics
    CONNECT WITH US
    • Facebook
    • Twitter
    • Telegram
    • LinkedIn
    • Pinterest
    ABOUT US
    • Contact
    • Advertise
    • Sitemap
    Copyright © 2023 Cryptonounce All rights reserved. Cryptonounce.
    • Home
    • Buy Now

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?