French government pushes for one agency to regulate crypto across the EU

Cointelegraph

Published Jul 19, 2021 05:00PM ET

Updated Jul 19, 2021 06:40PM ET

The government of France has proposed that the European Securities and Market Authority, or ESMA, should regulate digital currency activity across the European Union.

If enacted, this would establish a single authority over the crypto sector across the trading bloc and would create uniform regulations across the union through ESMA, as suggested by the French securities regulator, ​​Autorite des Marches Financiers, or AMF.

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