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.
Source: https://www.coindesk.com/policy/2023/01/10/crypto-industry-hopes-turn-to-french-legislators-as-regulators-back-mandatory-license/?utm_medium=referral&utm_source=rss&utm_campaign=headlines