France's market regulator has issued a stark warning to cryptocurrency companies: obtain an EU MiCA license by June 30 or face blacklisting and legal action.
The French Financial Markets Authority (AMF) is enforcing compliance with the Markets in Crypto-Assets Regulation (MiCA), the EU's comprehensive framework for digital asset oversight.
Companies operating without proper licensing after the deadline risk being added to a public blacklist and facing lawsuits from regulators. The June 30 deadline marks the final deadline for crypto firms to secure operational permits under MiCA rules.
The warning signals a hardline approach from France as the EU tightens oversight of the cryptocurrency sector. MiCA requires crypto service providers—including exchanges and custody platforms—to meet stringent capital, governance, and consumer protection requirements.
The regulator's announcement reflects broader European efforts to prevent financial crime and protect retail investors in digital assets. Multiple EU nations have already begun enforcement actions against unlicensed operators.
Crypto companies have had months to prepare for the June deadline, with MiCA officially taking effect in December 2023. Non-compliance now leaves little room for grace periods.
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