French government pushes for one agency to regulate crypto across the EU
The proposal would result in uniform regulations for digital currency across the EU. The government of France has proposed that the European Securities and Market Authority, or ESMA, should regulate digital currency activity across the European Union.If enacted, this would establish a single authority over the crypto sector across the trading bloc and would create uniform regulations across the union through ESMA, as suggested by the French securities regulator, Autorite des Marches Financiers, or AMF. The AMF’s proposal states:“Likewise, granting ESMA the power of direct supervision of....
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As announced last week, the French Senate met today in Paris to hold a hearing on bitcoin, it's benefits, and it's downsides. Reddit.com user 'mmitech' took the opportunity to post notes about what took place at the meeting the meeting here. According to the user's bullet points, it would appear as if the French government is keen to "catch up" with bitcoin. They don't clearly understand it yet, nor do they know how they'll regulate it, but they've recognized at this juncture that banning the digital currency is not an option. Overall, the French Senate's outlook on bitcoin seemed....
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