France Flags 90 Unlicensed Crypto Companies Ahead of MiCA Deadline
- France’s Autorité des Marchés Financiers (AMF) identified 90 crypto companies lacking licenses under the EU’s Markets in Crypto-Assets Regulation (MiCA).
- Approximately 30% of these firms have not responded to inquiries about obtaining the necessary licenses.
- About 40% of the unlicensed companies do not plan to apply for a MiCA license, while another 30% are in the application process.
- The deadline for compliance is June 30, with non-compliant firms required to cease operations by July.
- ESMA has stated that unlicensed crypto firms should prepare for “orderly wind-down” plans as the transitional period concludes.
The AMF’s actions highlight ongoing regulatory challenges within the EU’s MiCA framework, particularly regarding compliance and enforcement ahead of the June deadline.
As of now, around one-third of flagged companies remain unresponsive, raising concerns over their operational future post-deadline. (Source)
