France has raised concerns about MiCA passporting and has pressed for ESMA to supervise larger crypto players, while some firms licensed in other EU states could face refusals; Italy and Austria have supported a more harmonized approach citing uneven standards and investor risk.France has raised concerns about MiCA passporting and has pressed for ESMA to supervise larger crypto players, while some firms licensed in other EU states could face refusals; Italy and Austria have supported a more harmonized approach citing uneven standards and investor risk.

France Threatens to Block EU-Licensed Crypto Firms, AMF Pushes for Centralized Oversight: Report

France has raised concerns about MiCA passporting and has pressed for ESMA to supervise larger crypto players, while some firms licensed in other EU states could face refusals; Italy and Austria have supported a more harmonized approach citing uneven standards and investor risk.
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