{"id":371375,"date":"2023-01-25T09:03:38","date_gmt":"2023-01-25T14:03:38","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=371375"},"modified":"2023-01-25T09:03:38","modified_gmt":"2023-01-25T14:03:38","slug":"french-parliament-votes-in-favour-of-relaxing-crypto-licensing-laws","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/french-parliament-votes-in-favour-of-relaxing-crypto-licensing-laws","title":{"rendered":"French Parliament Votes in Favour Of Relaxing Crypto Licensing Laws"},"content":{"rendered":"
France is set to revamp the regulatory framework for cryptocurrencies, which could trigger the industry’s growth. The French National Assembly has voted in favor of rules that will make the licensing requirements easier for cryptocurrency companies while extending relief to the sector.<\/p>\n
French lawmakers have supported the amendment of the current crypto regulatory framework. The lawmakers supported a change to a proposal tabled by Senator Daniel Labaronne, which allows companies offering digital asset services to register with the financial regulatory body.<\/p>\n
These lawmakers want crypto firms to register under the guidelines contained in the comprehensive regulation for cryptocurrencies by the European Union. The vote received a majority of 61 in favor, and it will now enable crypto firms to obtain the needed licenses.<\/p>\n