“Protect us at any cost. The French Bank recently urged the European Union to strengthen the supervision of crypto companies, fearing that the rapid expansion of these players could exceed the ability of national regulators. This request came against the backdrop of the fact that financial giants, such as Blackrock and Fidelity, seek to enter the European market with products such as ETF Bitcoin Cash. The key points of this […]”, – WRITE: Businessua.com.ua
Protect us at any cost. France Bank recently called the European Union Increase the supervision of crypto companies Fearing that the rapid expansion of these players can exceed national regulators. This request came against the backdrop of the fact that financial giants, such as Blackrock and Fidelity, seek to enter the European market with products such as ETF Bitcoin Cash.
The key points of this article:
- French Bank called on the European Union to strengthen the supervision of cryptocurrency companies concerned with the rapid expansion of these players.
- The inevitable arrival of Blackrock and Fidelity’s financial giants to Europe can create systematic risks to the cryptocurrency market, French Bank reports.
France Bank requires strengthening supervision IN letters to the European Securities and Market (ESMA) Office, Bloomberg, Bloomberg, got acquainted with Bloomberg, Bank of France He said Concerns about the ability national regulators to manage the extension large cryptocurrency companies . He called for direct supervision by ESMA, especially for firms exceeding a certain size threshold or carrying out cross -border activities:
“We believe that ESMA should be responsible for supervision of digital assets (DASP) providers that exceed certain size thresholds or cross -border activities.”
French Bank spokesman appeals to Esma – Source: Bloomberg
This request from Bank of France is part of Mica regulation (cryptoactive markets) that already provides Esma The power to control the largest cryptocurrency companies. However, the French institution believes that these powers should be used more proactive and wider From a territorial point of view.
François Willer de Galo, the head of the Bank of France, warns of the expansion of crypto -giants in Europe – Source: Compte X
Europe faces the expansion of cryptogiants The French Bank letter is also mentioned The inevitable way out to the European financial giants market such as Blackrock and Fidelity . These companies have recently been launched spontaneous bitcoin-ETF In the United States, they consider the opportunity to do the same in Europe.
According to the institution headed by François Willers de Galo, the arrival of these major players can create systemic risks for the European cryptocurrency market. So the bank calls on to Increasing coordination between national regulators and Esma to prevent this risks .
This position of French Bank reflects a broader trend in Europe to enhance the regulation of this sector. In May 2025, the EU approved the Regulation Mica which sets new requirements regarding compliance with the normative ones requirements for crypto companies working on continents .
As Europe is preparing to accept new financial products based on cryptocurrency, the issue of supervision and regulation remains more relevant than ever. ESMA’s reaction to France’s Bank Call It may well determine the future of the European cryptocurrency market.
Source: Journalducoin.com
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