Bank of France governor Francois Villeroy de Galhau told Paris’ financial sector this week that France should enact regulations sooner rather than later.

Villeroy de Galhau said during a speech:

All the disorder in 2022 feeds a simple belief: it is desirable for France to move to an obligatory licensing of DASP as soon as possible, rather than just registration.

In France, full Digital Asset Service Provider (DASP) licensing is currently optional, and Bloomberg suggests that no French companies have obtained a full license. Instead, about 60 companies have obtained a less extensive “registration” from the country’s Financial Markets Authority (AMF), according to today’s report.