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French Regulator Working to Clarify New Crypto Rules, Align With EU

France's financial market regulator will detail new requirements for crypto firms to register in the country, its head, Marie-Anne Barbat-Layani, said Wednesday.

“We will work to clarify these new rules,” Financial Market Authority (AMF) Chair Barbat-Layani told lawmakers on the French Senate’s finance committee of laws voted for on Tuesday, saying her experts would be talking “as of now” with industry representatives.

Barbat-Layani said she would “adapt French crypto license conditions to make them as operationally close as possible to the new European rules,” referring to the Markets in Crypto Assets regulation (MiCA) set to be agreed on imminently by the European Union.

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