International cooperation is needed to regulate crypto conglomerates, Governor of the Banque de France François Villeroy de Galhau said at VivaTech event in Paris on Friday.
It is not sufficient to regulate one legal entity in one jurisdiction, Villeroy said, adding that in the US crypto companies have various legal entities operating in various jurisdictions, hence the need for international collaboration.
Read More : Bank of France Calls for Regulation of Crypto Conglomerates