The new law being proposed would not affect the 60 crypto companies that are already registered with the French financial regulator
The French National Assembly has approved stricter licensing regulations for new crypto companies to align with the proposed European Union standards.
The bill has already passed the French Senate and now awaits the approval or rejection of President Emmanuel Macron within 15 days. The vote in favour of the bill had 109 votes (60.5 percent), and 71 votes (39.5 percent) were against it.