France threatens crackdown on EU-licensed crypto companies
France is threatening to block crypto companies that got licensed in other EU countries from doing business inside its borders, according to Reuters.
The country’s financial regulator, the AMF, said it might start rejecting those “passported” licenses as part of a larger push to hand crypto oversight to the European Securities and Markets Authority, also known as ESMA.
Marie-Anne Barbat-Layani, president of the AMF, said crypto companies are “doing their regulatory shopping all over Europe,” picking countries with looser licensing standards to get easier access across the entire EU.
Under the EU’s MiCA framework, which came into force this year, firms can get licensed in one member state and operate across all 27….
