French senators vote to ease crypto licensing regulation

The French National Assembly voted in favor of rules that will ease licensing requirements for crypto firms, offering a sigh of relief for the industry.

Lawmakers opted for an amendment proposed by Sen. Daniel Labaronne that allows crypto firms to register with the financial regulator following requirements already covered by the European Union’s comprehensive regulation for crypto assets which will enforce licensing. The vote passed with a tally of 61 in favor and 33 against.

Read more: The Block