French central bank governor pushes for crypto licensing ahead of EU laws

Francois Villeroy de Galhau, the Bank of France’s governor, has urged for more stringent licensing requirements for crypto companies in France, citing the current turmoil in the crypto markets.

During a speech in Paris on Jan. 5, the central bank governor said France shouldn’t wait

MiCA has been grinding its way through the EU parliament since Sep. 2020.

On Oct. 10, 2022, it passed the European Parliament Committee on Economic and Monetary Affairs (ECON), 2022 as a result of trialogue negotiations between the EU Council, the European Commission and the European Parliament.

The final Plenary vote for MiCA was rescheduled from the end of 2022 to Feb. 2023. European Parliament member Stefan Berger explained to Cointelegraph in Nov. 2022 the reason for the delay was “the enormous amount of work for the lawyer linguists, given the length of the legal text.”