France has ignited controversy throughout Europe’s crypto industry by indicating that it might blow up passporting, the region-wide system where cryptocurrency companies can legally operate in member states solely on the strength of a license from one country.
Now however, and according to a Reuters report, France’s Autorité des Marchés Financiers (AMF), the country’s securities regulator, is contemplating tightening regulations, as it fears that some crypto firms are taking advantage of “soft” licensing rules in other parts of the world.
The move, however, comes less than a year since the European Union’s cturersCryptos Regulation (MiCA) framework was put into practice, bringing into question again the possibility of enforcement through this landmark rules.
