French lawmakers have softened their stance on crypto licencing in the country, giving operators more time to meet new European-wide standards. Members of the National Assembly approved an amendment proposed by centrist politician Daniel Labaronne last night, allowing existing crypto firms to continue operating without a full licence until the European Union’s landmark crypto regulations take effect. For crypto firms, France currently has a two-tier system. All operators must register as crypto asset providers, but they are not required to obtain a full licence, which requires more disclosure. While the regulator Autorité des Marchés Financiers (AMF) has registered around 60 providers, none have chosen full authorization.