The President of the Autorité des Marchés Financiers discusses cryptocurrencies in Monaco
Robert Ophele, President of the French Financial Markets Authority, was received on November 5 by the Monegasque Association of Financial Activities.
A lunch followed by a debate on the challenges of cryptocurrencies and the news of the financial system took place on November 5 at the headquarters of theAMAF (Monegasque Association of Financial Activities).
For the occasion, Robert Ophele, President of the French Financial Markets Authority, was the special guest of AMAF. He talks about the digitization of assets and the need to regulate cryptocurrencies, first at the national level and then at the European level.
ICOs, at the heart of the PACTE 2019 law
“The digitization of assets is a major source of innovation“, Recalled Robert Ophélie. The President referred to the PACTE 2019 law, which provides the framework for fundraising by issuing tokens (Initial Coin Offering, or ICO) and monitoring of Service Providers on Digital Assets (PSAN).
“Today, 25 project leaders (ICOs having received their visa) are registered, 30 at the end of the year», A condemned Robert Ophélie. Cybersecurity and the use of cryptocurrencies must be monitored internationally, because the entire chain of players in the financial world is concerned. Stock market cybercrime benefits from a legal framework that is still too vague.
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