As per a recent Financial Times report, France may reconsider its easy licensing regime for digital asset providers, following recent market failures such as FTX’s demise. The development would call into question France’s efforts to position itself as one of Europe’s most pro-crypto nations.

Hervé Maurey, a member of the French Senate’s finance commission, proposed an amendment to remove a provision that allows crypto exchanges to operate without a full license until 2026. The current regime keeps this possibility alive even after the Markets in Crypto Assets Act (MiCA) becomes law in 2024.

(by Suzuki Shillsalot)