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<h2 id="header-0">The governor of the Bank of France has called for more strict licensing rules for crypto firms in France, citing the present market uncertainty.</h2>Francois Villeroy de Galhau said in a speech in Paris on January 5 that France should not wait for upcoming EU crypto rules to establish mandatory licensing for local <a href="https://www.coingabbar.com/en/cryptocurrency" rel="noopener noreferrer nofollow">digital asset</a> service providers (DASPs).The European Parliament&#39;s Markets in Crypto Assets bill (MiCA), which establishes a crypto-licensing scheme, isn&#39;t expected to come into effect until 2024.As per a Bloomberg report from January 5, Villeroy addressed the country&#39;s financial industry in his speech, stating:“All of the uncertainty in 2022 feeds a simple belief: it is better for France to move to mandatory DASP license as soon as possible, rather than just registration.”Currently, crypto firms that offer crypto trading and custody must be &#34;registered&#34; with the country&#39;s market regulator, the Financial Markets Authority (AMF).Villeroy&#39;s call comes after Senate finance panel member Hervé Maurey suggested an amendment in December to remove a section that allows companies to operate without a license.Current <a href="https://www.coingabbar.com/en/crypto-currency-news/crypto-friendly-regulations-will-soon-be-tightened-in-france" rel="noopener noreferrer nofollow">French rules</a> allow companies to operate unlicensed until 2026, regardless of whether or not MiCA becomes legislation and implements a licensing framework.Read also: <a href="https://www.coingabbar.com/en/crypto-currency-news/genesis-adds-up-to-the-year-of-layoffs-cuts-down-staff-by-30-percent" rel="noopener noreferrer nofollow">Genesis Adds Up to the year of Layoffs | Cuts Down Staff by 30%</a>

French Central Bank Governor Advocating for Strict Crypto Licensing

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