THE LATEST CRYPTO NEWS FROM CNS French central bank gover | Crypto Never Sleeps Broad

THE LATEST CRYPTO NEWS FROM CNS

French central bank governor pushes for crypto licensing ahead of EU laws

The Bank of France’s governor has called for more stringent licensing requirements for crypto companies in France, citing the current turmoil in the crypto markets.

During a speech in Paris on Jan. 5, Francois Villeroy de Galhau said France shouldn’t wait for upcoming EU crypto laws to enact obligatory licensing for local digital asset service providers (DASPs).

The European Parliament’s Markets in Crypto Assets bill (MiCA) that provides a crypto-licensing regime isn’t expected to come into force until potentially sometime in 2024.

https://cointelegraph.com/news/french-central-bank-governor-pushes-for-crypto-licensing-ahead-of-eu-laws


CME Group to launch 3 metaverse reference rates

Derivatives marketplace CME Group is planning to launch reference rates and real-time indexes for three metaverse crypto assets, allowing investors to track pricing data more reliably using a methodology commonly used in traditional finance.

Beginning Jan. 30, CME Group and CF Benchmarks will launch reference rates for Axie Infinity Shards, Chiliz (CHZ) and Decentraland’s MANA, the company announced on Jan. 5. The reference rates and indexes are not tradeable products but instead can be used by investors to “price sector-specific portfolios, develop structured products and manage price risk around various Metaverse-based projects,” said Giovanni Vicioso, CME Group’s head of cryptocurrency products.

https://cointelegraph.com/news/cme-group-to-launch-3-metaverse-reference-rates


US authorities to intensify scrutiny of crypto industry in 2023

Fourteen years after Bitcoin’s genesis block launched a profound disruption in financial services and other industries through the rise of blockchain technology, United States authorities are finally becoming more interested in cryptocurrencies’ future and economic impact.

On Dec. 14, the Financial Accounting Standards Board discussed new accounting and disclosure requirements for entities holding crypto assets in financial statements, following an agenda consultation with investors — the first in five years. The proposed rules are expected to be issued in the first half of 2023.

https://cointelegraph.com/news/us-authorities-to-intensify-scrutiny-of-crypto-industry-in-2023