France Wants to Strengthen the Cryptocurrency Regulation Across Europe

📣 #France Wants to Strengthen the #Cryptocurrency Regulation Across #Europe

👉 #French regulators have suggested that the governments in the European Union to give responsibility to the #European Securities and Markets Authority (#ESMA) in overseeing cryptocurrencies.

👉 France Wants EU to Give ‘Greater Powers’ to ESMA and proposed the change as part of a package of reforms to strengthen financial regulation across Europe.

👉 The Autorité des Marchés Financiers (AMF), #France’smarkets regulator, said that these proposals aim to endow ESMA with a more significant role to achieve harmonized, unified supervision, ensuring a level playing field minimizing the possibility of regulatory arbitrage.

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