France Proposes EU-Wide Cryptocurrency Regulation
France has proposed giving more power to the Paris-based European Securities and Markets Authority (ESMA) and making it responsible for cryptocurrency oversight. French regulators say cryptocurrencies need EU-wide regulation. EU-Wide Crypto Regulation With ESMA as Main Supervisor France proposed Tuesday that the EU governments give the responsibility of regulating cryptocurrencies to the pan-European markets watchdog, the Paris-based European Securities and Markets Authority (ESMA), instead of national regulators, the Financial Times reported. The French markets regulator, Autorité....
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The French Senate has released a new report focusing on the type of regulation the government should apply on bitcoin transactions. Titled 'Regulation in the face of innovation: public authorities and the development of virtual currencies', the report follows a meeting of the committee of finance on 23rd July and is based on communication between committee president Philippe Marini and Senate member Francois Marc. It was inspired by a joint meeting held by the Senate, Treasury, customs, the Banque de France, TracFin (which deals with money laundering issues) and bitcoin specialists in....
France's Minister of Economy and Finance, Pierre Moscovici, issued a call on 4th March for European regulators to collaborate on digital currency regulation as part of an effort to ease the concerns of financial institutions and policymakers. In statements to the press, Moscovici has indicated he intends to request that EU member states discuss the matter at the EU Economic and Financial Affairs Council (ECOFIN), the organisation that sets the EU budget and monitors the financial markets in member states. Said Moscovici: "This is an imperative topic to be treated not only at national level....
The Russian Ministry of Finance has developed new amendments to the country’s cryptocurrency regulation. The proposal outlines a new set of rules for crypto owners, exchanges, and miners, as well as penalties for undeclared crypto transactions. Russia’s New Crypto Regulation Russia’s Ministry of Finance has proposed new amendments to the country’s law on digital financial assets that will go into effect in January, Russian business newspaper RBC reported Thursday. Cryptocurrency owners, both individuals and organizations, will be required to report their crypto....
Global regulators are “going full steam” on cryptocurrency regulation. “The current structure is no longer fit for the purpose with the development of cross-border digital market activities,” said the chairman of France’s markets watchdog AMF.
Global Regulators Going Full Steam on Cryptocurrency Regulation
Robert Ophèle, chairman of France’s markets watchdog, the Autorité des marchés financiers (AMF), and a member of the Financial Stability Board (FSB), reportedly discussed global cryptocurrency regulation Wednesday....
The French council of ministers has approved a series of new measures to combat the anonymity of cryptocurrency transactions. Anonymous accounts are banned at crypto exchanges which must now impose stricter know-your-customer requirements. France’s Finance Minister Bruno Le Maire says the changes are necessary to fight against terrorism financing. France Tightens Crypto Surveillance France’s Council of Ministers endorsed an ordinance containing a series of measures to tighten the surveillance of cryptocurrency activities last week. The ordinance, which will enter into force in....