France Drops ‘Atomic Threat’ on MiCA Passporting, Warns It May Block EU-Licensed Crypto Firms
France has issued a stark warning that it could move to block crypto firms from operating within its borders using EU-wide “passport” licenses, raising the stakes in Europe’s rollout of its landmark Markets in Crypto-Assets Regulation (MiCA). The move underscores growing concerns in Paris that regulatory loopholes could allow firms to shop for the weakest jurisdictions, undermining investor protection and the credibility of the bloc’s new framework.