France's financial market regulator has raised concerns over non-compliance among crypto firms as the EU's MiCA regulation deadline approaches. Nearly one-third of the 90 registered crypto companies in France have not communicated their licensing plans, according to Stephane Pontoizeau of the AMF. While 30% have applied for a MiCA license and 40% have opted out, the remaining 30% have yet to respond, prompting regulatory concern. The European Securities and Markets Authority mandates that firms without MiCA authorization must execute an orderly wind-down by June 30.
French Regulator Warns of Non-Compliance Among Crypto Firms Ahead of MiCA Deadline
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
