Crypto regulation laggards spur arbitrage risk – French central banker

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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. But crypto assets, such as cryptocurrencies like bitcoin, are largely still unregulated globally. French central bank governor Francois Villeroy de Galhau said he hoped the EU regulations woul…