France may ban cryptocurrency companies licensed in other EU countries from operating domestically

ChainCatcher news, according to Cointelegraph, the French Financial Markets Authority (AMF) stated that it may prohibit cryptocurrency companies licensed in other EU countries from operating in France, citing concerns that some jurisdictions have overly lenient regulatory requirements, leading to enforcement gaps under the MiCA framework.

In addition, France, along with Austria and Italy, has called for the European Securities and Markets Authority (ESMA) to unify the regulation of major cryptocurrency companies and supports amending MiCA to strengthen oversight of cryptocurrency activities and cybersecurity outside the EU.