France must mandate regulation of crypto assets, governor says

France’s central bank governor said the country should introduce compulsory registration for digital asset companies, without waiting for a promised European Union regulation.

François Villeroy de Galhau’s words hint at impatience with the pace of the European Union’s reaction to the turmoil in crypto markets. The EU is considering passing a law that would introduce compulsory registration of crypto asset firms, but its implementation could take 18 months.

“The disruption seen in 2022 is