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France Considers Blocking Crypto Firms Using EU ’Passporting’ Licenses

France Considers Blocking Crypto Firms Using EU ’Passporting’ Licenses

Published:
2025-09-15 21:26:01
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BTCCSquare news:

France's financial regulator, the AMF, may reject crypto licenses issued by other EU member states, citing concerns over regulatory arbitrage. President Marie-Anne Barbat-Layani accused firms of 'regulatory shopping' across Europe to exploit looser standards.

The MOVE challenges the MiCA framework's core principle of single-market access. France has joined Italy and Austria in pushing for centralized oversight by ESMA, warning of gaps in current supervision.

While calling the license-blocking option an 'atomic weapon,' Barbat-Layani acknowledged its potential damage to EU market unity. The AMF's hardline stance reflects growing tensions over crypto regulation harmonization.

|Square

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