European crypto regulation reaches a turning point. In France, the AMF points out 90 unlicensed companies under the MiCA framework. Some risk disappearing as early as this summer.
In brief
- •The AMF warns: 90 French crypto companies risk closure due to lack of MiCA license.
- •The European Union wants to impose strict crypto regulation to strengthen trust and financial compliance.
The AMF Raises Its Voice Against Laggards in the Crypto Sector
France, a pioneer in crypto regulation, is multiplying calls to order. The Financial Markets Authority (AMF) has just identified 90 companies active in the country without a MiCA license. According to Stéphane Pontoizeau, executive director of market intermediary supervision, about 30% of contacted companies gave no response.
Another revealing figure: 40% of them refuse to start a compliance procedure. These actors therefore risk cessation of activity as early as July 2026, at the end of the transitional period. The French regulator sent reminders starting November 2025. Several crypto companies, however, remain silent.
This situation illustrates the growing gap between large certified crypto platforms (such as CoinShares and Relai) and a multitude of smaller players unable to adapt to new rules. Recalcitrant companies risk being excluded from the European crypto market. A potential shock for the French blockchain ecosystem!
MiCA: Between European Ambition and Regulatory Shock for Crypto
Promulgated in June 2023, the aim of the MiCA regulation is to standardize crypto regulation across the European Union. Each country must apply the same standards to avoid grey areas and abuses seen during previous bubbles. The ESMA, based in Paris, requires that any non-compliant company prepares an orderly withdrawal plan before June 30.
France supports centralized supervision by ESMA, unlike Malta and other member states considered more lenient. Some crypto actors fear this approach may hinder financial innovation and the competitiveness of young exchange platforms.
For others, this transition marks a historic turning point. The fact is that MiCA regulation could attract new institutional investors and finally give European crypto a clear framework.
In any case, this crucial step puts France in the position of leader of demanding crypto regulation. If compliance succeeds, the French model could inspire the entire European market. Otherwise, the entire balance between innovation and regulatory control will be questioned.