France’s AMF Sets June 30 Deadline for MiCA Licensing
The European Union’s Markets in Crypto-Assets Regulation, or MiCA, establishes a unified framework requiring crypto-asset service providers to obtain authorization and comply with governance, client-asset protection and disclosure requirements. France’s Financial Markets Authority, or AMF, has tightened its transitional arrangements accordingly, determining whether firms can continue operating legally in France.
Under the AMF’s latest requirement, cryptocurrency companies operating in France must obtain a MiCA license by June 30. Those that fail to secure approval on time must submit an exit plan to the regulator and cease operations. The deadline clearly defines firms’ licensing and exit obligations, requiring them either to achieve compliance or arrange an orderly withdrawal before the cutoff.
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The history behind this eventCrypto Firms Face Licensing Hurdles as EU MiCA Enforcement Deadline Arrives
The European Union's Markets in Crypto-Assets regulation, or MiCA, became fully applicable on December 30, 2024, creating a harmonized licensing system for crypto-asset service providers across member states. It also introduced disclosure, client-asset protection and anti-money-laundering requirements. The regime's “single passport” determines whether firms can remain in the EU market and is seen as a key threshold for integrating the crypto industry with traditional finance.
MiCA's transition period of up to 18 months expired on July 1, 2026, and the European Securities and Markets Authority, or ESMA, has required unauthorized firms to stop providing services. Market estimates suggest more than 80% of exchanges could exit and about 10 million users may need to move to other platforms. Coinbase, OKX and Kraken have secured licenses, while Germany is among the leaders in authorization progress across member states.
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