What occurred in the new past is a reminder of the earnest requirement for a worldwide guideline," he told a developing business sector meeting in Paris, alluding to a late disturbance in crypto-resource markets
The regulation of crypto-assets is likely to be discussed at a meeting of Group of Seven finance chiefs this week in Germany, French central bank head Francois Villeroy de Galhau said on Tuesday.
“Europe paved the way with MICA (regulatory framework for crypto-assets), we will probably discuss these issues among many others at the G7 meeting in Germany this week,” he added.
BoE’s Cunliffe warns of more tough times for crypto
Investors in cryptocurrencies should expect more difficult times ahead as tightening financial conditions around the world stoke appetite for safer assets, Bank of England Deputy Governor Jon Cunliffe said on Tuesday.
Asked at a Wall Street Journal conference if rising interest rates would ramp up pressure on cryptocurrencies, Cunliffe said: “Yes, I think as this process continues, as (quantitative tightening) starts in the US ... I think we’ll see a move out of risky assets.”
Bank of Japan official calls for G7 nations to adopt common crypto regulations
Villeroy has previously urged EU officials to develop a regulatory framework given crypto’s growing role in regional markets, saying they only had “one or two years" to act. Prior to his election victory in France, Emmanuel Macron said he supported the European Parliament's recent efforts to regulate crypto — including MiCA — adding that any rules should not hinder innovation.
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