France’s Villeroy Wants to Implement ‘Obligatory’ Crypto Licensing ‘as Soon as Possible’
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Francois Villeroy de Galhau, the Governor of the Bank of France, said in a speech on Thursday that crypto companies in France should be obliged to obtain a DASP license “as soon as possible.”
The DASP license is currently optional in France. Crypto businesses offering trading and custody are only required to register with Financial Markets Authority (AMF).
None of the 60 firms registered with the AMF hold a DASP license.
The current law allows crypto businesses to avoid obtaining a DASP license until 2026.
Francois Villeroy de Galhau, the Governor of the Bank of France, has called for stricter rules for crypto companies during a speech on Thursday in Paris, according to Bloomberg.
Villeroy said that crypto-focused companies should become subject to “obligatory” crypto licensing “as soon as possible.” He said the EU should not wait to implement upcoming regulatory frameworks like the European Parliaments Markets in Crypto Assets (MiCA) bill.
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