of francelargest market regulator AMFdecentralized finance ( DeFi) stated that it supports global rules for
European Union has formalized crypto regulation in the past months. The European Union, which officially enacted MiCA, received support from France. Francehas signaled that they will concentrate on crypto regulation within the framework of MiCA.
Francewho want to operate in crypto- to the stock marketslicensor AMF, in a document published DeFitouched his side. AMF, DeFi in the regulationsHe stated that he stands behind the global rules.
French Regulator Addresses DeFi Regulations
FranceAutorité des Marchés Financiers, the regulatory body of AMF), released a document on DeFi regulations. AMF, DeFi touched upon the regulatory problems that became evident through the concept of decentralization brought forth by the ecosystem. France’s regulator stated that it will support any DeFi regulation steps to be taken globally.
AMFis trying to define DeFi through smart contracts and DAOs. AMFThe document published by , points out potential DeFi risks and control situations.
AMFsaid the following on the subject;
“Due to the cross-border nature and reach of DeFi activities, the AMF also supports the development of a globally coordinated approach to regulation to ensure a global level playing field aimed at both protecting investors and fostering innovation.”
AMFSecretary General Benoit also juvigny, in a talk about DeFi last month, mentioned that categorizing and organizing the ecosystem would be complicated.
