France’s Crypto Firms Face a MiCA Deadline—and Many Are Silent

[etfs]

French regulators revealed this week that roughly 30% of crypto companies operating in the country have yet to apply for a license under the European Union’s Markets in Crypto-Assets Regulation. With a key June 30 deadline approaching, these firms risk losing the legal right to operate in France—and by extension, across the EU—if they fail to act.

According to comments from Stéphane Pontoizeau of France’s financial markets authority, companies were formally reminded in November that the transition period was ending. Of the roughly 90 firms not yet licensed, about 30% have applied, 40% have said they do not plan to, and the remaining 30% have not responded at all, raising concerns about last-minute exits or enforcement actions.

[JanEmil]

EU always have some many demands