Crypto Industry Hopes Turn to French Legislators as Regulators Back Mandatory License

His worry is that, under Maureyโ€™s plans and until MiCA is up and running, crypto firms based in other EU member states could have to seek a duplicate license in France โ€“ despite the fact that MiCA is supposed to ensure they can operate across the bloc with a single authorization. In practice, few companies would bother with such a burdensome step, Bernard-Alzias said, and they could end up skipping the French market entirely.

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