France to Tighten Crypto Regulations?
More and more fallout from the SBF debacle – or is this how it was intended and designed to take place in the first place?
France Could be Next to Tighten Crypto Regulations Following FTX Collapse
“FTX’s bankruptcy has destroyed several other businesses through direct or indirect exposure to the exchange. Moreover, investors have lost billions of dollars, pushing regulators to tighten rules.
Maurey told the Financial Times, ‘The FTX collapse was a detonation [that] contributed to a moment of reckoning and awareness. This led a number of players within the French system to consider that things needed to be supervised more tightly.’
If passed, the Senator’s proposal would require businesses to obtain a license from the French regulator, the Autorité des Marchés Financiers (AMF), from October 2023.
Hong Kong and Canada also announced this week that they would expand crypto laws to prevent future occurrences similar to FTX. In the US, Senators are also urging Congress to regulate cryptocurrency under a new bill.”
https://beincrypto.com/france-could-be-next-to-tighten-crypto-regulations-following-ftx-collapse/