MiCA too permissive? The Bank of France calls for strengthening it

**Bank of France Governor Calls for Stricter MiCA Cryptocurrency Regulation Through ESMA Oversight**

The Bank of France is pushing for enhanced cryptocurrency regulation, with Governor François Villeroy de Galhau advocating for stricter oversight of digital assets under the Markets in Crypto-Assets (MiCA) framework. The central bank official demands transferring cryptocurrency supervision responsibilities to the European Securities and Markets Authority (ESMA), headquartered in Paris, signaling growing regulatory concerns across European financial institutions.

This regulatory push reflects mounting pressure on Bitcoin, Ethereum, and other cryptocurrencies as European authorities seek tighter control over the digital asset ecosystem. The proposed strengthening of MiCA could significantly impact cryptocurrency exchanges, DeFi protocols, and blockchain-based financial services operating within EU markets. The Bank of France's stance suggests potential market implications for crypto traders and investors, as enhanced regulatory oversight typically influences cryptocurrency price movements and institutional adoption rates.

The call for ESMA supervision represents a crucial development in European cryptocurrency regulation, potentially reshaping how digital assets are monitored and controlled across member states. This regulatory evolution could affect the broader cryptocurrency market landscape and influence global crypto regulatory frameworks moving forward.