đŸ‡«đŸ‡· France Pushes Back on EU Crypto “Passporting” Under MiCA

France, along with 🇼đŸ‡č Italy and 🇩đŸ‡č Austria, is threatening to đŸš« block crypto companies licensed in other EU đŸ‡ȘđŸ‡ș countries from operating within their borders. The reason? ⚖ Regulatory inconsistencies.

They’re calling for more centralized oversight through ESMA đŸ›ïž (European Securities and Markets Authority), instead of relying on each country’s individual licensing system. đŸ’ŒđŸ”

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