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France’s MiCA deadline puts unlicensed crypto firms on notice

As a crypto investor, I’m keeping a close eye on France right now. Their financial regulator, the AMF, is basically telling crypto companies they need to get their MiCA licenses by June 30th, or they’ll have to stop operating in the country. It’s a pretty firm stance, and could mean some services I use might disappear if they don’t comply.

Summary

  • France’s AMF warned unlicensed crypto firms to secure MiCA approval before the June 30 deadline.
  • Firms without approval must prepare orderly wind-down plans and stop serving French customers.
  • Related reports show Coinhouse and Banca Sella moving ahead under Europe’s MiCA licensing regime.

This warning appears as Europe begins fully implementing its rules for crypto assets, known as MiCA.

AMF sets final MiCA deadline for crypto firms

Marie-Anne Barbat-Layani, head of the AMF, is urging crypto companies to submit their license applications quickly, as the deadline is fast approaching. According to Reuters, she stated that finalizing these applications is now a critical priority.

France is giving cryptocurrency companies operating without a license 33 days to comply with new regulations (MiCA) or shut down. The country’s financial regulator, the Autorité des Marchés Financiers, has set a deadline of June 30th for these firms to either obtain a license or cease operations.

— BSCN (@BSCNews) May 28, 2026

This warning is for cryptocurrency companies that haven’t yet fully complied with MiCA regulations. They need to get authorized to operate, or they will have to stop providing services to customers in France.

France will fully regulate crypto services starting July 1, 2026. After this date, only companies officially approved as Crypto-Asset Service Providers will be allowed to operate in the country.

Unlicensed firms face wind-down plans

The AMF stated that companies lacking authorization need to create plans for shutting down their operations in an organized way. These plans should ensure customers can either get their cryptocurrency back or move it to another platform.

The regulatory body has the power to list companies that aren’t authorized to operate. It can also issue public warnings and take steps to stop websites from continuing to target customers in France without proper authorization.

In France, companies offering financial services without proper authorization could be fined or face legal consequences. The French financial regulator, AMF, is urging firms to take action immediately rather than waiting until the deadline.

MiCA passporting raises EU tensions

The MiCA regulation allows a cryptocurrency company to obtain a license in one EU country and then provide its services throughout all 27 member states. This process is called passporting.

France has expressed worries that different countries within the EU aren’t using the same standards when approving things. Some officials fear that if smaller countries approve things quickly, it could lead to vulnerabilities.

According to Barbat-Layani, France has the power to prevent passporting rights if it doesn’t agree with a regulator’s ruling. She added that taking such action would indicate a broader problem with regulation overall.

Related MiCA moves show market split

As crypto.news reported earlier, Coinhouse is among the first crypto companies in France to receive full MiCA licensing. This approval enables them to provide services throughout the European Union.

Banca Sella has been authorized in Italy under the new MiCA regulations. They intend to provide digital asset custody and transfer services to a limited number of clients starting by the end of 2026.

As an analyst, I’m tracking the ongoing development of EU regulations. Currently, the broader framework is still being examined, and Brussels has launched a consultation specifically focused on MiCA – including aspects like stablecoin regulation, areas where DeFi isn’t fully covered, and how to oversee these activities across different EU countries.

As a crypto investor, the recent warning from France really hit home – it’s clear MiCA isn’t just talk anymore, it’s actually being enforced. For crypto companies operating in Europe, the clock is ticking. They basically have three options: get officially licensed under the new rules, pull out of the European market altogether, or face the consequences from regulators. It’s a pretty straightforward, but significant, choice they have to make.

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2026-05-29 10:08