BTC/USD   $ 26712.9

|

ETH/USD   $ 1796.60

|

LTC/USD   $ 92.39

|

DASH/USD   $ 44.41

|

DOGE/USD   $ 0.07324

|

FIL/USD   $ 4.45

|

ADA/USD   $ 0.3676

|

USDT/USD   $ 1.00

|

SHIB/USD   $ 0.00000866

|

HOLO/USD   $ 0.003566

|

BTT/USD   $ 0.00000060

|

WINK/USD   $ 0.0001995

|

YFI/USD   $ 6739.04

|

PAXG/USD   $ 1995.93

|

MKR/USD   $ 630.44

|

BCH/USD   $ 117.30

|

WBTC/USD   $ 26739.6

|

COMP/USD   $ 35.00

|

AAVE/USD   $ 62.48

|

ZEC/USD   $ 33.10

|

ICP/USD   $ 5.19

|

TRB/USD   $ 11.87

|

ETC/USD   $ 18.36

|

NMR/USD   $ 13.50

|

BAL/USD   $ 5.42

|

LINK/USD   $ 6.62

|

REP/USD   $ 6.88

|

UNI/USD   $ 5.15

|

ATOM/USD   $ 10.78

|

UMA/USD   $ 2.12

|

SNX/USD   $ 2.18

|

SUSHI/USD   $ 0.8944

|

BAND/USD   $ 1.47

|

EOS/USD   $ 0.8928

|

OMG/USD   $ 0.8033

|

RLC/USD   $ 1.56

|

MIR/USD   $ 0.05600

|

BNT/USD   $ 0.4149

|

XTZ/USD   $ 0.8899

|

CGLD/USD   $ 1.74

|

1INCH/USD   $ 0.4109

|

CRV/USD   $ 0.8177

|

KNC/USD   $ 0.6039

|

ENJ/USD   $ 0.3523

|

MATIC/USD   $ 0.8601

|

STORJ/USD   $ 0.3080

|

ZRX/USD   $ 0.2240

|

ALGO/USD   $ 0.1679

|

GRT/USD   $ 0.1221

|

OGN/USD   $ 0.09479

|

CTSI/USD   $ 0.1985

|

MANA/USD   $ 0.5062

|

BAT/USD   $ 0.2212

|

DAI/USD   $ 1.00

|

USDC/USD   $ 0.9998

|

REN/USD   $ 0.07770

|

XLM/USD   $ 0.08778

|

NKN/USD   $ 0.09859

|

OXT/USD   $ 0.06790

|

LRC/USD   $ 0.2967

|

SKL/USD   $ 0.03220

|

CVC/USD   $ 0.08861

|

SAND/USD   $ 0.5290

|

NU/USD   $ 0.1500

|

GNT/USD   $ 0.00000001

|

DNT/USD   $ 0.02720

|

ANKR/USD   $ 0.02588

|

LOOM/USD   $ 0.05156

|

AMP/USD   $ 0.002960

|

MANY/USD   $ 0.3509

|

WTK/USD   $ 0.02170

|

POSI/USD   $ 0.02355

|

WINR/USD   $ 0.00003100

|

DEFT/USD   $ 0.00002080

|

ISA/USD   $ 0.0001070

|

RULER/USD   $ 0.006669

|

SPORE/USD   $ 0.9137

|

DEFLCT/USD   $ 0.7343

|

HVE/USD   $ 0.0004395

|

JCB/USD   $ 0.00004900

|

FWC/USD   $ 0.00000000008000

|

FDC/USD   $ 0.00000021

|

YETI/USD   $ 0.003856

|

SMR/USD   $ 0.06492

|

BTC/USD   $ 26712.9

ETH/USD   $ 1796.60

LTC/USD   $ 92.39

DASH/USD   $ 44.41

DOGE/USD   $ 0.07324

FIL/USD   $ 4.45

ADA/USD   $ 0.3676

USDT/USD   $ 1.00

SHIB/USD   $ 0.00000866

HOLO/USD   $ 0.003566

BTT/USD   $ 0.00000060

WINK/USD   $ 0.0001995

YFI/USD   $ 6739.04

PAXG/USD   $ 1995.93

MKR/USD   $ 630.44

BCH/USD   $ 117.30

WBTC/USD   $ 26739.6

COMP/USD   $ 35.00

AAVE/USD   $ 62.48

ZEC/USD   $ 33.10

ICP/USD   $ 5.19

TRB/USD   $ 11.87

ETC/USD   $ 18.36

NMR/USD   $ 13.50

BAL/USD   $ 5.42

LINK/USD   $ 6.62

REP/USD   $ 6.88

UNI/USD   $ 5.15

ATOM/USD   $ 10.78

UMA/USD   $ 2.12

SNX/USD   $ 2.18

SUSHI/USD   $ 0.8944

BAND/USD   $ 1.47

EOS/USD   $ 0.8928

OMG/USD   $ 0.8033

RLC/USD   $ 1.56

MIR/USD   $ 0.05600

BNT/USD   $ 0.4149

XTZ/USD   $ 0.8899

CGLD/USD   $ 1.74

1INCH/USD   $ 0.4109

CRV/USD   $ 0.8177

KNC/USD   $ 0.6039

ENJ/USD   $ 0.3523

MATIC/USD   $ 0.8601

STORJ/USD   $ 0.3080

ZRX/USD   $ 0.2240

ALGO/USD   $ 0.1679

GRT/USD   $ 0.1221

OGN/USD   $ 0.09479

CTSI/USD   $ 0.1985

MANA/USD   $ 0.5062

BAT/USD   $ 0.2212

DAI/USD   $ 1.00

USDC/USD   $ 0.9998

REN/USD   $ 0.07770

XLM/USD   $ 0.08778

NKN/USD   $ 0.09859

OXT/USD   $ 0.06790

LRC/USD   $ 0.2967

SKL/USD   $ 0.03220

CVC/USD   $ 0.08861

SAND/USD   $ 0.5290

NU/USD   $ 0.1500

GNT/USD   $ 0.00000001

DNT/USD   $ 0.02720

ANKR/USD   $ 0.02588

LOOM/USD   $ 0.05156

AMP/USD   $ 0.002960

MANY/USD   $ 0.3509

WTK/USD   $ 0.02170

POSI/USD   $ 0.02355

WINR/USD   $ 0.00003100

DEFT/USD   $ 0.00002080

ISA/USD   $ 0.0001070

RULER/USD   $ 0.006669

SPORE/USD   $ 0.9137

DEFLCT/USD   $ 0.7343

HVE/USD   $ 0.0004395

JCB/USD   $ 0.00004900

FWC/USD   $ 0.00000000008000

FDC/USD   $ 0.00000021

YETI/USD   $ 0.003856

SMR/USD   $ 0.06492

No Time To Lose: Bank Of France’s Villeroy Says Europe Should Regulate Crypto As Quickly As Possible

  • News
  • No Time To Lose: Bank Of France’s Villeroy Says Europe Should Regulate Crypto As Quickly As Possible

zycrypto   07 Jul, 2021   zycrypto.com   Views: 286

Bank of France governor François Villeroy de Galhau has recommended the urgent creation of a framework for cryptocurrency regulation to avoid potential erosion of Europe’s monetary sovereignty.

Bank Of France Governor Flags Crypto Regulation As Europe’s Priority

France has been one of the most forward countries when it comes to virtual currencies. In 2019, for instance, the French parliament approved a law to enable cryptocurrency-focused companies to be licensed by the AMF, the country’s financial watchdog.

Now, the central bank’s Villeroy has asked the European Union to urgently regulate the cryptocurrency space. This request advocates that cryptocurrencies should be regulated within one or two years or risk losing Europe’s monetary sovereignty.

“I must stress here the urgency: we do not have much time left, one or two years. On both digital currency and payments, we in Europe must be ready to move as quickly as needed or risk an erosion of our monetary sovereignty — something we cannot tolerate,” Villeroy said during a Paris Europlace financial conference on Tuesday.

The Bank of France governor delineated how cryptocurrencies have played an increasingly important role in financial markets. Case in point, the use of fiat money decreased during the early stages of the COVID-19 pandemic, a drift that Villeroy believes could render central bank money insignificant. As such, he suggests the European Union should adopt a regulatory framework in the coming months.

   

France Wants A Piece Of The CBDC Pie

Villeroy de Galhau has in the past warned about private digital assets such as stablecoins. Speaking in September 2020, he noted that big techs might develop private financial systems like stablecoins that could have huge implications on financial sovereignty for decades to come. To that end, the governor indicated that the European central bank cannot afford to lag behind on issuing its own central bank digital currency (CBDC).

Early this year, the Bank of France successfully piloted a CBDC, leveraging the technology to process an interbank settlement of $2.4 million on a private blockchain provided by U.K-based blockchain firm SETL.

The central bank continued its work on the creation of a European central bank-backed digital currency earlier this month after conducting a cross-border CBDC experiment dubbed “Project Jura” in collaboration with Swiss-based cryptocurrency bank SEBA, Luxembourg private bank Banque Internationale à Luxembourg, and Luxembourg central securities depository LuxCSD. The experiment was focused on the wholesale lending market rather than public transactions.

The Bank of France is set to conduct more tests for its CBDC this year.


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