Four European approvals have already been issued in Malta, the same number in the Netherlands, three in Germany and one in Cyprus, but none in France. Between regulatory arbitrage and limited resources, several factors explain this delay. Lawyer Anne Maréchal, former legal director of the AMF, denounces "forum shopping", "discount" approvals and points to a reputational risk....
Crypto regulation: AMF lags behind in race for first MiCA approvals
