France Aims to Restrict Crypto License 'Passporting' in EU Regulatory Showdown

France aims to restrict crypto license 'passporting' in EU regulatory showdown

France has warned it may try to block the domestic operations of some crypto firms licensed in other EU countries as part of a push to get transfer oversight to the bloc’s central securities regulator, the head of its financial watchdog told Reuters. The AMF, France's security watchdog, is concerned that under the EU's new regulatory regime, crypto companies are seeking out jurisdictions with more lenient licensing standards, its president, Mari…

France Threatens Crypto Firms with MiCA License Rejection

France has threatened to restrict cryptocurrency companies in the country that operate locally and obtain a license in other European Union nations. The decision follows the anxieties about the Markets in MiCA license, the initial comprehensive crypto regulatory framework by the EU. The Autorité des Marchés Financiers (AMF), the financial regulator of France, sounded bells over the possible regulatory gaps within the bloc. MiCA license, which wi…

EU crypto regulation tested as France weighs ‘passporting’ block

France’s threat to block crypto license “passporting” raises concerns related to the unified European regulatory framework introduced by MiCA at the end of 2024.

France threatens crypto license ban

France is considering the "nuclear option" and could ban licensed crypto companies from other EU member states from operating on its territory. It is a move that could seriously affect the concept of a single market for financial services in the Union, writes Reuters. It all starts with MiCA (Markets in Crypto-Assets Regulation), the first comprehensive European legislative framework for crypto-assets, which entered into force this year. MiCA en…

France threatens to block crypto licence 'passporting' in EU regulatory fight

France threatens to block crypto licence ‘passporting’ in EU regulatory fightFrance aims to block some EU-licensed crypto firms, pushing for centralized oversight by ESMA. The post France threatens to block crypto licence ‘passporting’ in EU regulatory fight first appeared on The Dispatch.