According to ChainCatcher, citing Reuters, France's financial market authority (AMF) stated that nearly one-third of cryptocurrency companies in France without EU licenses have yet to inform regulators whether they plan to apply for a license or will cease operations by July. Out of approximately 90 cryptocurrency companies that are registered but have not obtained MiCA licenses, 30% have already applied for licenses, 40% have clearly stated they will not apply, and the remaining 30% have not provided their plans. France's transition period for cryptocurrency regulation will end on June 30, and ESMA has required unauthorized companies to develop or implement an orderly exit plan before the deadline.
France's AMF Warns 30% of Unlicensed Crypto Firms May Cease Operations by July
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Summary
France's AMF reported that 30% of unlicensed crypto firms may shut down by July. Of approximately 90 unregistered companies, 30% have applied for EU licenses, 40% will not apply, and the remaining have not disclosed their plans. The MiCA framework requires all firms to finalize their strategies by June 30. ESMA has stressed the importance of compliance with CFT rules and MiCA standards during the transition period.
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