France may ban crypto companies licensed by other EU countries from operating locally

According to ChainCatcher, according to Cointelegraph, the French Financial Markets Authority (AMF) said it may prohibit cryptocurrency companies licensed through other EU countries to operate in France, citing concerns that regulatory requirements in some jurisdictions are too loose, resulting in law enforcement loopholes under the MiCA framework. In addition, France, Austria and Italy jointly appealed to the European Securities and Markets Authority (ESMA) to uniformly regulate major crypto companies and support the revision of MiCA to strengthen supervision of crypto activities and cybersecurity outside the EU.