{"id":47623,"date":"2025-09-15T15:46:53","date_gmt":"2025-09-15T15:46:53","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=47623"},"modified":"2025-09-15T15:46:53","modified_gmt":"2025-09-15T15:46:53","slug":"france-threatens-to-break-eu-crypto-market-as-amf-warns-of-atomic-weapon-against-mica","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=47623","title":{"rendered":"France Threatens to Break EU Crypto Market as AMF Warns of \u201cAtomic Weapon\u201d Against MiCA"},"content":{"rendered":"<div>\n<p>France crypto industry is once again in the spotlight, as Reuters revealed that France is again positioning itself at the center of Europe\u2019s crypto debate, signalling it may move to block companies licensed in other EU jurisdictions from operating domestically.<\/p>\n<p>The regulatory warning, delivered Monday by Autorit\u00e9 des March\u00e9s Financiers (AMF) chair Marie-Anne Barbat-Layani, underscores the deep fractures already emerging under the European Union\u2019s landmark Markets in Crypto-Assets Regulation (MiCA).<\/p>\n<p>MiCA, which formally took effect for service providers in December 2024, was billed as the world\u2019s first comprehensive digital asset rulebook.<\/p>\n<p>The framework allows crypto firms to obtain authorisation in one member state and \u201cpassport\u201d their license across all 27 countries.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">246 days since MiCA came into effect, the map is clear.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f1ee-1f1ea.png\" alt=\"\ud83c\uddee\ud83c\uddea\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> Ireland leads with 123 MiCA white papers.<br \/><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f1e9-1f1ea.png\" alt=\"\ud83c\udde9\ud83c\uddea\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> Germany: 59<br \/><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f1f1-1f1ee.png\" alt=\"\ud83c\uddf1\ud83c\uddee\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> Liechtenstein: 36<br \/><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f1f2-1f1f9.png\" alt=\"\ud83c\uddf2\ud83c\uddf9\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> Malta: 26<br \/><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f1f3-1f1f1.png\" alt=\"\ud83c\uddf3\ud83c\uddf1\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> Netherlands: 21<br \/><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f1eb-1f1f7.png\" alt=\"\ud83c\uddeb\ud83c\uddf7\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> France: 7<br \/><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f1ea-1f1f8.png\" alt=\"\ud83c\uddea\ud83c\uddf8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> Spain: 3<\/p>\n<p>246 days since MiCA went live and our map shows where crypto launches are taking\u2026 <a href=\"https:\/\/t.co\/1D7y8Wf30P\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/1D7y8Wf30P<\/a><\/p>\n<p>\u2014 STORM Partners (@STORM_Partners) <a href=\"https:\/\/twitter.com\/STORM_Partners\/status\/1962862031029109180?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">September 2, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>However, since the roll out of the scheme, growth has been uneven across regulator jurisdictions, for example Ireland has so far received 17.5x the number of crypto passports as France.<\/p>\n<p>For companies, the passporting mechanism was the prize, an efficient gateway into the bloc\u2019s single market. For regulators like the AMF, however, the past nine months have exposed its fault lines.<\/p>\n<h2><strong>European Crypto Companies Are Shopping Around For Weak Jurisdictions<\/strong><\/h2>\n<div class=\"cpp-crypto-chart cpp-crypto-chart-99btc cpp-crypto-chart-btc\" data-coin-symbol=\"btc\" data-price-usd=\"BTC Price (USD)\" data-main-color=\"#4caf05\" data-watermark-image=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/99bitcoins-logo.png\" data-chart-style=\"99btc\">\n<div class=\"cpp-chart-top-section\">\n<div class=\"cpp-chart-info-section\">\n<div class=\"cpp-chart-logo\"><img decoding=\"async\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/02\/26205235\/btc.svg\" alt=\"btc logo\"><\/div>\n<div class=\"cpp-chart-coin-details\">\n<div class=\"cpp-chart-labels-row\">\n<div class=\"cpp-chart-coin-name\">bitcoin<\/div>\n<div class=\"cpp-chart-price-info\">Price<\/div>\n<div class=\"cpp-chart-market-cap\">Market Cap<\/div>\n<\/div>\n<div class=\"cpp-chart-values-row\">\n<div class=\"cpp-chart-coin-symbol\">BTC<\/div>\n<div class=\"cpp-chart-price\"><\/div>\n<div class=\"cpp-chart-market-cap-value\">$2.29T<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"cpp-chart-selectors cpp-chart-selectors-99btc\"><span class=\"cpp-chart-selector\" data-period=\"24h\">24h<\/span><span class=\"cpp-chart-selector\" data-period=\"7d\">7d<\/span><span class=\"cpp-chart-selector\" data-period=\"all_time\">1y<\/span><\/div>\n<\/div>\n<p><canvas id=\"cpp-chart-68c8334947315\" class=\"cpp-chart-container cpp-chart-container-99btc\"><\/canvas><\/div>\n<p>Barbat-Layani <a class=\"general-link\" href=\"https:\/\/cointelegraph.com\/news\/france-block-mica-passporting-eu-crypto-firms\" target=\"_blank\" rel=\"noopener nofollow\">warned <\/a>that companies are already \u201cshopping around\u201d for the weakest jurisdictions, securing lighter-touch licenses before expanding into larger markets such as France. \u201cWe do not exclude the possibility of refusing the EU passport,\u201d she <a class=\"general-link\" href=\"https:\/\/www.reuters.com\/video\/watch\/idRW507315092025RP1\/\" target=\"_blank\" rel=\"noopener nofollow\">told Reuters<\/a>, likening the option to an \u201catomic weapon\u201d that could be deployed if supervisory gaps persist.<\/p>\n<p>The comments come as France, Italy, and Austria jointly call for the European Securities and Markets Authority (ESMA) to <a href=\"https:\/\/99bitcoins.com\/news\/non-eu-crypto-firms-under-scrutiny-for-mica-compliance-esma-warns\/\">assume direct oversight of major crypto firms<\/a>.<\/p>\n<p>In a joint paper, the <a class=\"general-link\" href=\"https:\/\/www.reuters.com\/sustainability\/boards-policy-regulation\/france-threatens-block-crypto-licence-passporting-eu-regulatory-fight-2025-09-15\/\" target=\"_blank\" rel=\"noopener nofollow\">three regulators argued<\/a> that early MiCA implementation has revealed \u201cmajor differences\u201d in how national supervisors interpret and enforce the rules. Direct ESMA supervision, they contend, is essential to safeguard investors and ensure a level playing field.<\/p>\n<p>That push follows stinging criticism of Malta\u2019s licensing regime. In July, an ESMA peer review found that the Malta Financial Services Authority only \u201cpartially met expectations\u201d when authorising a crypto provider, highlighting poor risk assessment and slow supervisory follow-up.<\/p>\n<p>Furthermore, the report fuelled concerns that smaller jurisdictions could become regulatory gateways for firms seeking rapid EU access.<\/p>\n<p><strong>DISCOVER:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Best New Cryptocurrencies to Invest in 2025<\/a><\/strong><\/p>\n<h2>Are There Other Reasons Crypto Firms Are Avoiding France?<\/h2>\n<p>The high-stakes regulatory debate unfolds against a tense backdrop in France\u2019s own crypto ecosystem. In recent months, a <a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/another-brutal-crypto-kidnapping-rocks-france-crypto-gang-epidemic-explained\/\">string of violent kidnappings targeting crypto entrepreneurs<\/a> and their families has rattled the industry. French police <a class=\"general-link\" href=\"https:\/\/www.nytimes.com\/2025\/05\/27\/world\/europe\/france-crypto-kidnappings.html\" target=\"_blank\" rel=\"noopener nofollow\">have linked at least half a dozen attempted abductions<\/a> to ransom demands in digital assets, including incidents in which victims were mutilated to pressure relatives into paying millions.<\/p>\n<p>Security experts warn that some of the new EU reporting requirements may inadvertently be making it easier for criminals to identify wealthy targets.<\/p>\n<p>This dual pressure, regulatory fragmentation at the EU level, and mounting domestic security concerns, puts Paris in a difficult position as the summer season approaches.<\/p>\n<p>The AMF has spent years courting blockchain startups, branding France as a jurisdiction with clarity and credibility, particularly after granting Binance\u2019s French entity a license in 2022. But the warning shot over MiCA passports signals a shift from promotion to protection.<\/p>\n<p>The stakes are high for investors and companies. If France unilaterally refuses to recognise licenses from other EU states, the single market promise underpinning MiCA could fracture before it fully takes hold.<\/p>\n<p>But it\u2019s important to understand the risk is not only reputational but structural: a divergence in EU supervision would undermine confidence at a moment when global capital is weighing whether Europe can provide a credible alternative to Trump\u2019s America.<\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/high-risk-high-reward-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">9+ Best High-Risk, High-Reward Crypto to Buy in 2025<\/span><\/a><\/strong><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/france-threatens-to-break-eu-crypto-market-as-amf-warns-of-atomic-weapon-against-mica\/\">France Threatens to Break EU Crypto Market as AMF Warns of \u201cAtomic Weapon\u201d Against MiCA<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>France crypto industry is once again in the spotlight, as Reuters revealed that France is again positioning itself at the center of Europe\u2019s crypto debate, signalling it may move to block companies licensed in other EU jurisdictions from operating domestically. The regulatory warning, delivered Monday by Autorit\u00e9 des March\u00e9s Financiers (AMF) chair Marie-Anne Barbat-Layani, underscores [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-47623","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/47623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47623"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/47623\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}