French Regulator Sets June 30 Deadline for Crypto Firms to Obtain MiCA Licenses or Exit

Summary

France's Financial Markets Authority (AMF) has set a June 30 deadline for crypto companies operating in the country to obtain licenses under the EU's MiCA regulatory framework. AMF President Marie-Anne Barbat-Layani stated that firms failing to secure licenses by the deadline must present orderly wind-down plans to offload customers and cease operations. This move is part of the broader European Union regulatory push to bring crypto asset service providers under formal licensing requirements.