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France's AMF: 30% of Unlicensed Crypto Firms in France Haven't Disclosed Exit Plans

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France's AMF states that 30% of unlicensed crypto firms have not shared their plans under MiCA. Out of approximately 90 firms, 30% have applied for EU licenses, 40% have stated they will not do so, and the remaining firms have remained silent. The MiCA transition period ends on June 30, with ESMA requiring all firms to submit their exit plans. The firms must also comply with CFT rules. Coinbase, Circle, and Revolut have already obtained MiCA licenses.

According to Reuters, France's financial market authority (AMF) said on Tuesday that nearly one-third of cryptocurrency companies in France that have not yet obtained EU licenses have not informed regulators whether they plan to apply for a license or will cease operations by July. Among the approximately 90 unlicensed companies, 30% have already applied for a license, 40% have clearly stated they will not apply, and the remaining 30% have not yet provided their plans. France's transition period for cryptocurrency regulation will end on June 30, and the European Securities and Markets Authority (ESMA) has required unlicensed firms to develop or implement an "orderly exit" plan before the deadline. Previously, companies such as Coinbase, Circle, and Revolut have already obtained MiCA licenses.

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