France's Crypto Sector Faces Regulatory Reckoning
As MiCA regulations take hold across Europe, France's cryptocurrency industry is at a pivotal moment. The French Financial Markets Authority (AMF) has revealed that nearly one-third of unlicensed crypto firms operating in the country have yet to clarify their regulatory intentions.
Of the approximately 90 companies currently registered but lacking an EU license, 30% remain silent—neither applying for authorization nor declaring plans to withdraw. With the transitional period ending on June 30, these firms risk being forced to halt operations unless they establish compliance pathways.
Clear Splits Emerge in Market Response
- 30% have formally applied for licensing to ensure long-term legitimacy
- 40% have opted out, preparing structured exit strategies
- 30% have not responded to regulatory requests—creating oversight concerns
The European Securities and Markets Authority (ESMA) has called for strict enforcement, urging national regulators to ensure unapproved firms implement orderly wind-down plans before the deadline.
Experts view this shift as a defining step toward a mature, transparent digital asset market in France. Moving forward, only firms meeting stringent AML, capital, and consumer protection standards will be allowed to operate, paving the way for greater market consolidation and investor confidence.