Crypto regulation laggards spur arbitrage risk - French central banker

FILE PHOTO: Francois Villeroy de Galhau, Governor of Banque de France, attends the Paris Europlace International Financial Forum in Paris, France, July 12, 2022. REUTERS/Benoit Tessier

PARIS (Reuters) - Countries that are slow to build up regulations for crypto assets could create arbitrage risks that players operating globally could exploit, the head of France's central bank said on Tuesday.

The European Union has sought to be a global standard-setter, proposing in July that companies get a licence and provide customer safeguards to issue and sell digital tokens in the 27-nation bloc.