French official wants to change how Europe regulates crypto and blockchain

France’s top financial regulator has proposed to change the way the cryptocurrency industry is supervised in Europe.

Robert Ophèle, chairman of Autorité des Marchés Financiers, addressed crypto-realted regulatory issues at the 5th Annual Conference on FinTech and Regulation. The official argued that financial supervisors must take a new approach in regulating blockchain-based financial instruments due to massive growth in the market.