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

His worry is that, under Maurey’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 – 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.