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‘We don’t have much time left’ to regulate crypto, says Bank of France governor


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Bank of France governor François Villeroy de Galhau said that Europe should make crypto regulation a priority or risk digital assets challenging its monetary sovereignty.

He warned the European Union only has “one or two years” left to establish a regulatory framework for cryptocurrencies.

“We in Europe need to move as quickly as possible,” the governor added.

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The big question is will it continue to be a decentralized form of currency? With what the government pulled some weeks ago, people are bringing forth many questions, including this one. If that treads to the other side, then the term currency of the people will be highly irrelevant.

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