Lawmakers at France's AssembleeNat and Senat have now all but agreed on how to tighten up crypto registration in the wake of the FTX_Official collapse. jackschickler reports.
by a committee of lawmakers from both chambers of parliament, but not as much as initially sought by the Senate, the country's upper house.
Newly applying companies will have to meet extra rules on internal controls, cybersecurity and conflicts of interest, the text from the Joint Committee said. That's less onerous than a previous Senate position that would have required companies to seek a license. The text agreed on by the special legislative committee is due to be approved by the Senate on Feb. 16 and the National Assembly on Feb. 28.
Under French crypto regulations, companies can register with the Financial Markets Authority to show compliance with basic money-laundering and governance norms. No operator has yet received a license, a more burdensome procedure that also requires checks on financial resources and business conduct. Faustine Fleuret, president of crypto lobby group ADAN, told CoinDesk the enhanced registration procedure was a “much more pragmatic approach” than the Senate's. But, she warned, a new requirement to have resilient and secure IT systems could prove difficult for small companies to meet and for regulators to police.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto Super Bowl Advertising Will Be Absent This YearLast year's SuperBowl was so overrun with crypto ads — including from Coinbase, Cryptocom and FTX_Official — that it became known as the 'Crypto Bowl.' But don't expect to see any cryptocurrency-themed commercials this year.
Read more »
Jump Crypto unveils critical vulnerability on Binance’s BNB ChainThe issue was privately disclosed to the BNB team, enabling a patch to be developed and deployed within 24 hours.
Read more »
Some Super Bowl Commercials I Can’t Wait to SeeEvery year, the Super Bowl commercials bring surprising laughs and cameos. This year, newyorkerhumor imagines some exciting variations, including Timothée Chalamet in some capacity.
Read more »
PayPal Owned $604 Million in Crypto Last YearPayPal’s wallet service held over half a billion dollars in Bitcoin and Ethereum on its customers’ behalf in 2022.
Read more »
Shiba Inu-Themed Floki to Release Chinese Version of Its Upcoming Valhalla GameCan crypto project RealFlokiInu shift away from its meme coin image? Floki is set to release a Chinese version of Valhalla, a testnet metaverse game that utilizes $FLOKI tokens, alongside running a three-month airdrop campaign for users of Btok.
Read more »
Stiffing the Staker: The SEC's Latest Crackdown on Crypto Innovation – Op-Ed Bitcoin NewsBitcoin․com's Business Development Manager Ben Friedman asks: 'What does the recent SEC enforcement mean for the future of cryptocurrency and, more specifically, staking?'
Read more »