#CryptoRegulation #MiCA #EU-Crypto #Supervision #ESMA #LicensePassporting

Transcript

00:00France just declared war on EU crypto rules and your investments might be caught in the

00:05crossfire.

00:06Here's what's happening.

00:07The EU's new MyCA framework introduced something called Passporting.

00:11This means if a crypto firm gets licensed in one EU country, they can operate across

00:15all 27 member states.

00:17Sounds convenient, right?

00:18Not according to France.

00:19The French regulator AMF, along with Italy and Austria, say crypto companies are gaming

00:22the system.

00:23They're getting easy licenses in countries like Malta, then using Passporting to operate

00:29everywhere with minimal oversight.

00:30France is threatening to block these firms from operating on French soil unless supervision

00:35gets tightened.

00:36They want major crypto companies under ESMA, that's the central EU regulator, instead

00:42of just individual national authorities.

00:44Why should you care?

00:45This reveals a massive tension between national control and EU-wide uniformity.

00:49Some countries want strict oversight, others prefer lighter rules to attract business.

00:53For crypto firms, the license hunting game might be over.

00:56No more picking the easiest country and expanding everywhere.

00:58For investors, expect uncertainty ahead.

01:00Compliance costs will rise.

01:02Some firms might face geographic restrictions.

01:03Watch for these developments.

01:04Will ESMA get stronger powers?

01:06How will other EU states respond?

01:08What operational changes will firms need to make?

01:10My take.

01:11This was inevitable once crypto went mainstream.

01:14Passporting sounded great in theory, but theory meets reality when firms sidestep tough

01:20regulation.

01:21If France wins, expect stricter rules, less regulatory shopping, but ultimately a more stable

01:26market for everyone.

01:28Also, they don't use in theory, but they don't have to find a better place.

01:32They don't have to hunt during their professional skills.

01:34If they're up to the lowest level of healthcare, how will they change the situation?

01:39Who's pushing the right?

01:41And in theory, they don't have to be a better place.

01:42There's a better place.

01:43And if they don't want to have to be a better place.

01:45They don't want to have to be a better place.