Sad crypto events in 2022 and the harsh crypto winter highlighted the need for crypto regulations across the globe. Every nation is trying to bell the cat; recently, France’s President Emmanuel Macron would be signing a crypto bill passed by 109 voted against 71 in an assembly of 180 members.
The legislation for stricter licensing rules for newer crypto firms was voted in favor by the French National Assembly to harmonize local laws with the yet-to-come European Union (EU) standards. The passing status was 60.5% in favor vs. 39.5% against, as the French Senate had already passed the bill. This gives Macron a window of 15 days to either approve or send it back for improvements to the legislature.
Source: https://www.thecoinrepublic.com/2023/03/01/france-to-bell-the-cryptocat-to-pass-crypto-licensing-laws-soon/