40% of French Crypto Companies May Face Closure Without MiCA Licenses
- Approximately 40% of crypto companies in France do not plan to obtain MiCA licenses.
- The French financial regulator, AMF, has warned 90 firms operating without licenses.
- Companies must comply with MiCA regulations or cease operations by July 2026.
- The European Securities and Markets Authority (ESMA) may gain centralized oversight over EU crypto firms.
- France supports ESMA’s expanded role, despite concerns from other countries like Malta.
As the deadline for compliance approaches, the AMF has emphasized the need for firms to respond to licensing inquiries, with many unlicensed companies at risk of closure. The regulatory landscape is shifting as ESMA seeks greater authority over the crypto sector in Europe.
With around 30% of unlicensed firms unresponsive to inquiries, the situation highlights significant challenges ahead for businesses aiming to remain operational under new regulations. Source
