A French regulator stated Tuesday that about 30% of crypto corporations with out an EU license haven’t knowledgeable of their plans, whether or not to use for a MiCA license or stop working by July.
Talking to journalists in Paris, Stéphane Pontoizeau, Govt Director of the Market Intermediaries and Market Infrastructures Supervision Directorate on the AMF, famous that the regulator had already written to corporations in November, reminding them to reply earlier than the license deadline on June 30, 2026.
The transition interval for the MiCA license varies for various EU international locations. France-based crypto companies that fail to acquire a license will probably be required to stop operations in July.
In response to Reuters, solely 30% of crypto corporations in France responded to the regulator and have utilized for a license. Whereas, 40% stated they aren’t in search of one.
Final week, French regulators warned the general public in opposition to unregulated crypto choices from corporations that aren’t licensed to take action.
French regulator says some crypto corporations unresponsive as EU licence deadline approaches https://t.co/viWYHc1t2J https://t.co/viWYHc1t2J
— Reuters Tech Information (@ReutersTech) January 14, 2026
Firms Not Having MiCA Authorization Should ‘Orderly Wind-Down Plan’: ESMA
Beneath the European Securities and Markets Authority (ESMA) necessities, corporations that haven’t obtained MiCA authorization should implement an “orderly wind-down plan” earlier than the top of the transition interval.
Final month, the European Fee proposed transferring crypto oversight from nationwide regulators to ESMA. By doing so, the EC goals to remove regulatory fragmentation throughout 27 member states by granting ESMA powers akin to these of the U.S. SEC.
To this point, the MiCA license has been granted to stablecoin issuer Circle, US exchanges Coinbase, OKX, Crypto.com, Binance, and British fintech Revolut.
AMF is Pushing for Centralized Crypto Oversight
In September final yr, France issued a warning noting that it could try to dam some crypto corporations licensed in different EU nations from working domestically. The nation threatened to problem MiCA “passporting” granted by totally different member states.
The AMF President Marie-Anne Barbat-Layani urged to switch oversight of the trade to ESMA in Paris. This could be a “extra harmonized” method to supervision of the crypto sector, she added.
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