Marie-Anne Barbat-Layani serves as the Secretary-General at the Finance Ministry, and the new appointment will make her the first female to head the AMF.
France's ambition to become a virtual currency hub is gaining traction, said Finance Minister Bruno Le Maire, but reiterated that the country remains aloof on using digital currencies.
Societe Generale is the third-largest in France and the sixth-largest player in the European Union, with $1.4 billion in assets and an impressive balance sheet.
Apart from considering the benefits of wholesale CBDCs, Villeroy de Galhau notes that the central bank is also looking to improve CBDCs' liquidity management in DeFi using automated market makers.
During the F1 French Grand Prix weekend, eight of the 10 participating teams with digital currency partners were forced at short notice to take legal advice on what is permitted by the AMF.
François Villeroy de Galhau, governor of the Banque de France, said the second phase would see four or five experiments carried out on the digital euro platform.
According to Ticketing Business News, the recommendation was made as part of an inquiry into the disorder experienced during the UEFA Champions League final played in Paris on May 28.
The French and Swiss central banks tested the use of a wholesale CBDC in cross-border funds transfers, with Credit Suisse, Accenture, and others participating.
The Bank of France began experimenting with CBDC in 2020 and said it could transform sectors such as cross-border transfers, but there are concerns.
Working alongside some of the country’s biggest private banks, the Banque de France ran over 500 transactions during the CBDC pilot.
It makes sense for regulation to happen at the ESMA level, ensuring a Europe-wide framework for regulating the digital currency markets, according to a new AMF policy paper.