Approximately 30% of French crypto companies have yet to apply for a MiCA license, as a critical regulatory deadline looms. Under the European Union's Markets in Crypto-Assets (MiCA) regulation, firms must secure authorization from a national regulator by June 30 to continue operations. Despite reminders from France's financial markets authority, a significant portion of the 90 registered firms remain unresponsive.
MiCA, which became fully applicable in December 2024, aims to provide a comprehensive regulatory framework for crypto assets across the EU. However, it has faced criticism for imposing high compliance costs, particularly affecting smaller firms. As the deadline approaches, concerns grow over the potential impact on the French crypto sector and the attractiveness of the EU market for crypto businesses.
30% of French Crypto Firms Unlicensed as MiCA Deadline Nears
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