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About 30% of cryptocurrency companies that do not have an EU license have not explained their intentions, whether to apply for a MiCA license or to withdraw from its operation by July, the French regulator said on Tuesday.
Speaking to reporters in Paris, Stephane Pontuisio, head of the Directorate for Supervision of Market Intermediaries and Market Infrastructures at the French Financial Markets Authority, said that the regulator had already written to companies in November, reminding them to respond before the deadline of June 30, 2026.
The time frame for license renewal varies MICA Depending on the countries of the European Union. Cryptocurrency companies from France that do not get permission will be forced to cease operations in July.
According to Reuters Agency Only 30% of cryptocurrency companies in France responded to the regulatory body and applied for a license, while 40% said they did not want a license.
last week, French authorities have warned the public From the unlimited supply of cryptocurrency from companies that are not allowed to do so.
European Securities and Markets Authority: Companies that do not have a MiCA license must establish a business management plan.
Under the requirements of the European Securities and Markets Authority (ESMA), companies that have not received MiCA must implement a “systematic withdrawal process” before the end of the transition period.
last month, The European Commission has proposed to transfer the supervision of cryptocurrencies From national regulatory agencies to the European Securities and Markets Authority (ESMA). Through this, the organization aims to eliminate the division of laws between the 27 member states by giving the European Securities and Markets Authority the same powers that the US Securities and Exchange Commission (SEC) enjoys.
Currently, the MiCA license has been granted to stablecoin provider Circle, and platforms such as Coinbase, OKX, Crypto.com, Binance, and the British company Revolut.
The French Financial Markets Authority (AMF) wants to centralize oversight of cryptocurrencies
In September last year, France issued a warning In it, it indicated that it may try to prevent some cryptocurrency companies licensed in other EU countries from operating locally. France has threatened to oppose the “passport” system that is issued to cryptocurrency companies in different countries of the European Union.
The head of the French Financial Markets Authority, Marie-Anne Barbat-Layanni, has recommended that the supervision of the digital currency sector be transferred to the European Securities and Markets Authority in Paris. He added that this would provide a “coherent” approach to managing the project.
A note Cryptocurrency companies without an EU license are keeping quiet as the deadline for MiCA – France’s regulatory body – approaches. appeared for the first time Cryptonews Arabic.
