The French Financial Market Supervisory Authority (AMF) has issued a stern warning to cryptocurrency companies operating without a license under the EU Crypto Asset Regulation (MiCA). Companies must secure their licenses by June 30th or risk being blacklisted and potentially prosecuted. AMF President Marie-Anne Barbat-Layani emphasized the urgency for firms to complete their licensing applications promptly.
This move aligns with previous EU regulatory requirements for unlicensed entities to prepare "orderly exit plans." Firms that continue to engage with EU clients without proper authorization will face enforcement actions, underscoring the EU's commitment to regulating the crypto sector.
French AMF Warns Unlicensed Crypto Firms of Prosecution Risk
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