France flags 90 unlicensed crypto firms ahead of MiCA cutoff: Report
Of the 90 crypto firms registered in France without a MiCA license, 40% are reportedly not seeking the license, while 30% remain unresponsive as regulators warn of July shutdowns.
Financial regulators in France have reportedly flagged 90 crypto firms that remain unlicensed under the European Union’s Markets in Crypto-Assets Regulation (MiCA) framework ahead of a key deadline in June.
France’s Autorité des Marchés Financiers (AMF) warned that around 30% of the unlicensed firms have not responded to the authority’s request on whether they plan to obtain the required license, Reuters reported on Tuesday.
Stephane Pontoizeau, executive director of the market intermediaries and market infrastructures supervision directorate at the AMF, told Reuters the regulator notified the companies in November to remind them that the country’s transition period ends on June 30.