French regulators will work with the crypto industry to clarify new registration laws agreed yesterday, the head of AMF_Actu said. jackschickler reports.
Extra checks on companies’ cybersecurity were a “particularly important” element of a recently approved package of extra checks, Barbat-Layani said, despite protests from crypto lobbyists ADAN that they could prove unworkable for crypto firms to meet in practice.
In a proposal rubber stamped by the French National Assembly Tuesday, lawmakers proposed strengthening the regulatory regime in the wake of the collapse of FTX. Barbat-Layani urged them not to tar the whole industry with the same brush. “Digital finance shouldn’t be condemned for FTX any more than traditional finance was for Madoff,” she said, referring to a Ponzi scheme perpetrated by Bernie Madoff, who died in prison in 2021.
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