Centralized EU Oversight on the Horizon

[ed]

The Bank of France is calling on the EU to give ESMA centralized control over crypto regulation, citing the risks of fragmented enforcement.

Governor François Villeroy de Galhau emphasized that consistent rules are crucial as the European crypto market grows rapidly, with national regulators alone potentially creating uneven enforcement.

[Swipe]

France pushing for unified EU crypto rules makes total sense.

[alex10]

The EU’s move toward centralized oversight could standardize compliance but limit regional flexibility.

[Nahid10]

A unified regulatory framework might streamline operations for firms but challenge innovation speed.