Ng\u00e2n h\u00e0ng Ph\u00e1p \u0111ang k\u00eau g\u1ecdi<\/strong> C\u01a1 quan Ch\u1ee9ng kho\u00e1n v\u00e0 Th\u1ecb tr\u01b0\u1eddng Ch\u00e2u \u00c2u (ESMA) tr\u1edf th\u00e0nh c\u01a1 quan qu\u1ea3n l\u00fd duy nh\u1ea5t<\/strong> cho c\u00e1c th\u1ecb tr\u01b0\u1eddng ti\u1ec1n \u0111i\u1ec7n t\u1eed trong kh\u1ed1i, m\u1ed9t \u0111\u1ed9ng th\u00e1i nh\u1eb1m c\u1ee7ng c\u1ed1 quy\u1ec1n l\u1ef1c gi\u00e1m s\u00e1t t\u1ea1i Paris. V\u00e0o ng\u00e0y 9 th\u00e1ng 10, Fran\u00e7ois Villeroy de Galhau, Th\u1ed1ng \u0111\u1ed1c Ng\u00e2n h\u00e0ng Ph\u00e1p, \u0111\u00e3 s\u1eed d\u1ee5ng b\u00e0i ph\u00e1t bi\u1ec3u ch\u00ednh t\u1ea1i Di\u1ec5n \u0111\u00e0n Fintech ACPR-AMF \u0111\u1ec3 k\u00eau g\u1ecdi r\u1eb1ng ESMA n\u00ean \u0111\u01b0\u1ee3c c\u1ea5p quy\u1ec1n gi\u00e1m s\u00e1t \u0111\u1ea7y \u0111\u1ee7 \u0111\u1ed1i v\u1edbi c\u00e1c nh\u00e0 ph\u00e1t h\u00e0nh t\u00e0i s\u1ea3n ti\u1ec1n \u0111i\u1ec7n t\u1eed tr\u00ean to\u00e0n Li\u00ean minh Ch\u00e2u \u00c2u.<\/p>\n \u0110\u1ec1 xu\u1ea5t n\u00e0y, theo Villeroy de Galhau, l\u00e0 m\u1ed9t s\u1ef1 ph\u00e1t tri\u1ec3n c\u1ea7n thi\u1ebft v\u01b0\u1ee3t ra ngo\u00e0i khung quy \u0111\u1ecbnh MiCA hi\u1ec7n t\u1ea1i, nh\u1eb1m t\u1eadp trung quy\u1ec1n l\u1ef1c th\u1ef1c thi<\/strong> trong c\u01a1 quan c\u00f3 tr\u1ee5 s\u1edf t\u1ea1i Paris \u0111\u1ec3 \u0111\u1ed1i ph\u00f3 v\u1edbi nh\u1eefng g\u00ec \u00f4ng m\u00f4 t\u1ea3 l\u00e0 m\u1ed1i \u0111e d\u1ecda ng\u00e0y c\u00e0ng t\u0103ng \u0111\u1ed1i v\u1edbi “ch\u1ee7 quy\u1ec1n ti\u1ec1n t\u1ec7<\/em>” t\u1eeb c\u00e1c stablecoin kh\u00f4ng thu\u1ed9c Ch\u00e2u \u00c2u. \u00d4ng n\u00f3i:<\/p>\n “Khung n\u00e0y s\u1ebd \u0111\u01b0\u1ee3c h\u01b0\u1edfng l\u1ee3i t\u1eeb vi\u1ec7c quy \u0111\u1ecbnh ch\u1eb7t ch\u1ebd h\u01a1n v\u1ec1 vi\u1ec7c ph\u00e1t h\u00e0nh nhi\u1ec1u stablecoin t\u01b0\u01a1ng t\u1ef1 t\u1eeb v\u00e0 ngo\u00e0i Li\u00ean minh Ch\u00e2u \u00c2u, nh\u1eb1m gi\u1ea3m thi\u1ec3u r\u1ee7i ro ch\u00eanh l\u1ec7ch trong tr\u01b0\u1eddng h\u1ee3p c\u0103ng th\u1eb3ng. T\u00f4i c\u0169ng \u1ee7ng h\u1ed9, c\u00f9ng v\u1edbi Ch\u1ee7 t\u1ecbch c\u1ee7a AMF, vi\u1ec7c gi\u00e1m s\u00e1t Ch\u00e2u \u00c2u \u0111\u1ed1i v\u1edbi c\u00e1c nh\u00e0 ph\u00e1t h\u00e0nh t\u00e0i s\u1ea3n ti\u1ec1n \u0111i\u1ec7n t\u1eed, \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n b\u1edfi ESMA.”<\/p>\n<\/blockquote>\n L\u1eddi k\u00eau g\u1ecdi c\u1ee7a Villeroy de Galhau nh\u1eb1m t\u1eadp trung quy \u0111\u1ecbnh ti\u1ec1n \u0111i\u1ec7n t\u1eed d\u01b0\u1edbi ESMA ch\u1ec9 l\u00e0 m\u1ed9t ph\u1ea7n trong t\u1ea7m nh\u00ecn r\u1ed9ng l\u1edbn h\u01a1n<\/strong> v\u1ec1 vi\u1ec7c li\u00ean k\u1ebft t\u01b0\u01a1ng lai ti\u1ec1n t\u1ec7 c\u1ee7a Ch\u00e2u \u00c2u v\u1edbi kh\u1ea3 n\u0103ng \u0111\u1ed5i m\u1edbi m\u00e0 kh\u00f4ng l\u00e0m m\u1ea5t ki\u1ec3m so\u00e1t \u0111\u1ed3ng ti\u1ec1n c\u1ee7a m\u00ecnh. Theo \u00f4ng, duy tr\u00ec “vai tr\u00f2 then ch\u1ed1t<\/em>” c\u1ee7a ti\u1ec1n ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng l\u00e0 \u0111i\u1ec1u c\u1ea7n thi\u1ebft n\u1ebfu euro mu\u1ed1n ch\u1ecbu \u0111\u1ef1ng \u00e1p l\u1ef1c t\u1eeb c\u00e1c stablecoin \u0111\u01b0\u1ee3c h\u1ed7 tr\u1ee3 b\u1edfi \u0111\u00f4 la v\u00e0 s\u1ef1 th\u1ed1ng tr\u1ecb ng\u00e0y c\u00e0ng t\u0103ng c\u1ee7a c\u00e1c h\u1ec7 th\u1ed1ng thanh to\u00e1n k\u1ef9 thu\u1eadt s\u1ed1 kh\u00f4ng thu\u1ed9c Ch\u00e2u \u00c2u.<\/p>\n \u0110\u00e1ng ch\u00fa \u00fd, th\u1ed1ng \u0111\u1ed1c \u0111\u00e3 c\u1ea3nh b\u00e1o r\u1eb1ng s\u1ef1 gia t\u0103ng nhanh ch\u00f3ng c\u1ee7a c\u00e1c stablecoin g\u1eafn v\u1edbi USD c\u00f3 th\u1ec3 d\u1ea7n d\u1ea7n l\u00e0m suy y\u1ebfu \u1ea3nh h\u01b0\u1edfng<\/strong> c\u1ee7a euro nh\u01b0 m\u1ed9t ph\u01b0\u01a1ng ti\u1ec7n thanh to\u00e1n. Ng\u00e2n h\u00e0ng Ph\u00e1p, theo \u00f4ng, xem vi\u1ec7c gi\u1edbi thi\u1ec7u m\u1ed9t \u0111\u1ed3ng euro k\u1ef9 thu\u1eadt s\u1ed1 “b\u00e1n bu\u00f4n<\/em>” l\u00e0 b\u01b0\u1edbc c\u1ea7n thi\u1ebft \u0111\u1ec3 \u0111\u1ea3m b\u1ea3o \u0111\u1ed9c l\u1eadp ti\u1ec1n t\u1ec7 c\u1ee7a Ch\u00e2u \u00c2u v\u00e0 t\u0103ng c\u01b0\u1eddng t\u00edch h\u1ee3p t\u00e0i ch\u00ednh trong to\u00e0n kh\u1ed1i.<\/p>\n Ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng Ph\u00e1p \u0111\u00e3 \u0111\u1ea1t \u0111\u01b0\u1ee3c ti\u1ebfn b\u1ed9 trong l\u0129nh v\u1ef1c n\u00e0y. Th\u00f4ng qua c\u00e1c d\u1ef1 \u00e1n nh\u01b0 Pontes, h\u1ecd nh\u1eb1m m\u1ee5c \u0111\u00edch cho ph\u00e9p c\u00e1c t\u1ed5 ch\u1ee9c t\u00e0i ch\u00ednh thanh to\u00e1n t\u00e0i s\u1ea3n token h\u00f3a tr\u1ef1c ti\u1ebfp b\u1eb1ng ti\u1ec1n ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng, s\u1eed d\u1ee5ng c\u00e1c d\u1ecbch v\u1ee5 TARGET hi\u1ec7n c\u00f3 c\u1ee7a Eurosystem ho\u1eb7c m\u1ed9t s\u1ed5 c\u00e1i ph\u00e2n t\u00e1n. M\u1ed9t giai \u0111o\u1ea1n th\u1ee9 hai, \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 Appia, h\u00ecnh dung m\u1ed9t n\u1ec1n t\u1ea3ng th\u1ed1ng nh\u1ea5t n\u01a1i ti\u1ec1n ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng token h\u00f3a, ti\u1ec1n g\u1eedi ng\u00e2n h\u00e0ng token h\u00f3a v\u00e0 ch\u1ee9ng kho\u00e1n token h\u00f3a c\u00f9ng t\u1ed3n t\u1ea1i v\u00e0 t\u01b0\u01a1ng t\u00e1c m\u1ed9t c\u00e1ch li\u1ec1n m\u1ea1ch.<\/p>\n \u00d4ng nh\u1ea5n m\u1ea1nh:<\/p>\n “\u0110i\u1ec1u n\u00e0y s\u1ebd v\u01b0\u1ee3t qua nhi\u1ec1u r\u00e0o c\u1ea3n k\u1ef9 thu\u1eadt \u0111\u1ed1i v\u1edbi vi\u1ec7c t\u00edch h\u1ee3p c\u00e1c th\u1ecb tr\u01b0\u1eddng v\u1ed1n Ch\u00e2u \u00c2u. \u0110\u1ed3ng ti\u1ec1n k\u1ef9 thu\u1eadt s\u1ed1 ‘b\u00e1n bu\u00f4n’ n\u00e0y do \u0111\u00f3 \u0111\u00e3 tr\u1edf th\u00e0nh m\u1ed9t \u01b0u ti\u00ean m\u1ea1nh m\u1ebd: ch\u00fang ta ph\u1ea3i t\u0103ng t\u1ed1c, v\u00e0 Ng\u00e2n h\u00e0ng Ph\u00e1p s\u1ebd l\u00e0m m\u1ecdi th\u1ee9 \u0111\u1ec3 g\u00f3p ph\u1ea7n v\u00e0o s\u1ef1 t\u0103ng t\u1ed1c n\u00e0y.”<\/p>\n<\/blockquote>\n C\u00f9ng v\u1edbi s\u1ef1 th\u00fac \u0111\u1ea9y t\u1eeb khu v\u1ef1c c\u00f4ng, Th\u1ed1ng \u0111\u1ed1c \u0111\u00e3 \u0111\u01b0a ra m\u1ed9t th\u00e1ch th\u1ee9c m\u1ea1nh m\u1ebd<\/strong> \u0111\u1ed1i v\u1edbi khu v\u1ef1c t\u01b0 nh\u00e2n. \u00d4ng l\u1eadp lu\u1eadn r\u1eb1ng m\u1ed9t \u0111\u1ed3ng ti\u1ec1n k\u1ef9 thu\u1eadt s\u1ed1 c\u1ee7a ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng kh\u00f4ng th\u1ec3 nu\u00f4i d\u01b0\u1ee1ng to\u00e0n b\u1ed9 n\u1ec1n kinh t\u1ebf token h\u00f3a v\u00e0 \u0111\u00e3 th\u00fac gi\u1ee5c c\u00e1c ng\u00e2n h\u00e0ng Ch\u00e2u \u00c2u ph\u00e1t tri\u1ec3n ti\u1ec1n token h\u00f3a c\u1ee7a ri\u00eang h\u1ecd.<\/p>\n \u00d4ng hoan ngh\u00eanh m\u1ed9t li\u00ean minh m\u1edbi n\u1ed5i c\u1ee7a ch\u00edn ng\u00e2n h\u00e0ng Ch\u00e2u \u00c2u \u0111ang kh\u00e1m ph\u00e1 l\u0129nh v\u1ef1c n\u00e0y, nh\u01b0ng nh\u1ea5n m\u1ea1nh r\u1eb1ng con \u0111\u01b0\u1eddng k\u1ef9 thu\u1eadt, d\u00f9 l\u00e0 ti\u1ec1n g\u1eedi token h\u00f3a hay stablecoin euro do ng\u00e2n h\u00e0ng ph\u00e1t h\u00e0nh, kh\u00f4ng quan tr\u1ecdng b\u1eb1ng k\u1ebft qu\u1ea3<\/strong>. \u00d4ng tuy\u00ean b\u1ed1:<\/p>\n “Ch\u00fang ta c\u00f3 th\u1ec3 c\u00f3 c\u1ea3 hai, nh\u01b0ng ch\u00fang ta kh\u00f4ng \u0111\u01b0\u1ee3c k\u1ebft th\u00fac v\u1edbi c\u1ea3 hai \u0111\u1ec1u kh\u00f4ng c\u00f3.”<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":" Ng\u00e2n h\u00e0ng Ph\u00e1p K\u00eau G\u1ecdi ESMA Qu\u1ea3n L\u00fd Th\u1ecb Tr\u01b0\u1eddng Ti\u1ec1n \u0110i\u1ec7n T\u1eed Ng\u00e2n h\u00e0ng Ph\u00e1p \u0111ang k\u00eau g\u1ecdi C\u01a1 quan Ch\u1ee9ng kho\u00e1n v\u00e0 Th\u1ecb tr\u01b0\u1eddng Ch\u00e2u \u00c2u (ESMA) tr\u1edf th\u00e0nh c\u01a1 quan qu\u1ea3n l\u00fd duy nh\u1ea5t cho c\u00e1c th\u1ecb tr\u01b0\u1eddng ti\u1ec1n \u0111i\u1ec7n t\u1eed trong kh\u1ed1i, m\u1ed9t …<\/p>\n","protected":false},"author":3,"featured_media":14073,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42,48],"tags":[10224,10524,4225,4592,4362,5650,4217,4363],"class_list":["post-14074","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-legal","tag-amf","tag-banque-de-france","tag-bitcoin","tag-cbdc","tag-eu","tag-european-securities-and-markets-authority","tag-legal","tag-mica"],"yoast_head":"\n\u0110\u1ec1 Xu\u1ea5t C\u1ee7a Villeroy de Galhau<\/h2>\n
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T\u1ea7m Nh\u00ecn V\u1ec1 T\u01b0\u01a1ng Lai Ti\u1ec1n T\u1ec7 Ch\u00e2u \u00c2u<\/h2>\n
C\u1ea3nh B\u00e1o V\u1ec1 S\u1ef1 Gia T\u0103ng C\u1ee7a Stablecoin<\/h2>\n
Ti\u1ebfn B\u1ed9 Trong L\u0129nh V\u1ef1c Ti\u1ec1n K\u1ef9 Thu\u1eadt S\u1ed1<\/h2>\n
Th\u00e1ch Th\u1ee9c \u0110\u1ed1i V\u1edbi Khu V\u1ef1c T\u01b0 Nh\u00e2n<\/h2>\n
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