“We have always been very cautious about cryptoassets” admits Euronext boss Stéphane Boujnah

Euronext will not offer a crypto offer without support from regulators, its CEO Stéphane Boujnah said on Tuesday.

Euronext, the stock exchange operator, does not intend to develop activities linked to cryptoassets without significant support from regulators, declared Tuesday March 19 the group’s general director and chairman of the board, Stéphane Boujnah.

“We have always been very cautious about cryptoassets (…), a little for conceptual reasons and a lot because our regulators themselves are extremely cautious,” Stéphane Boujnah told journalists.

The opposition from Italian and Dutch regulators is clear, while the French regulator remains very cautious on the issue, he said. Elsewhere in Europe, initiatives are multiplying as bitcoin returned to record levels in March.

This month, the London Stock Exchange said it planned to accept applications for cryptoasset-backed ETNs, debt securities reserved for institutional investors. Deutsche Börse announced this month the launch of a regulated platform, on which institutional investors can trade cryptocurrencies.