G7 to discuss crypto-asset regulation, says French central banker
[1/2] Governor of the Bank of France Francois Villeroy de Galhau speaks during a news conference at the G7 finance ministers and central bank governors meeting in Chantilly, near Paris, France, July 18, 2019. REUTERS/Pascal Rossignol
PARIS, May 17 (Reuters) - The regulation of crypto-assets is likely to be discussed at a meeting of Group of Seven finance chiefs this week in Germany, French central bank head Francois Villeroy de Galhau said on Tuesday.
"What happened in the recent past is a wake-up call for the urgent need for global regulation," Villeroy told an emerging markets conference in Paris, referring to recent turbulence in crypto-asset markets.
"Europe paved the way with MICA (regulatory framework for crypto-assets), we will probably ... discuss these issues among many others at the G7 meeting in Germany this week," he added.
Our Standards: The Thomson Reuters Trust Principles.
