MiCA regulation revision : the French authorities publish their joint proposals - Banque de France

French authorities have published joint proposals for revising the Markets in Crypto-Assets (MiCA) regulation, according to a notice from the Banque de France. The publication brings together the positions of the relevant national bodies, offering a coordinated French contribution to the broader European debate on how MiCA should evolve.

The significance lies in timing. MiCA established the EU's first comprehensive framework for crypto-asset issuers and service providers, and its implementation is being phased in. As supervisors and market participants accumulate practical experience, calls to refine the rules have grown. A joint national submission can shape that discussion by setting out where authorities see gaps, ambiguities or unintended burdens in the current text.

For market observers, the key question is what the proposals target: adjustments to disclosure and licensing requirements, treatment of specific token categories, or supervisory coordination across borders. The detail will matter for firms assessing compliance costs and for anyone tracking the EU's regulatory direction. It is also worth watching whether other member states publish comparable positions, since convergence among national authorities tends to influence the European Commission's eventual legislative proposals. As yet, no formal revision timetable has been confirmed.