French regulatory authorities warn some crypto companies not to respond to MiCA license application requirements

The French market regulatory agency has warned that as the transition period for the European Union's Crypto Asset Market Regulation (MiCA) comes to an end on June 30, 2026, nearly one-third of the approximately 90 registered crypto companies in France that have not obtained MiCA licenses have not yet indicated their plans to regulators. Stephane Pontoizeau, Executive Director of the Market Intermediary and Infrastructure Supervision Department at AMF, stated that currently 30% of companies have applied for licenses, 40% have decided not to apply, and the remaining 30% of companies have not informed of their plans or responded to inquiries. According to the requirements of the European Securities and Markets Authority (ESMA), companies that are not authorized by MiCA are required to implement an "orderly closure plan" before the end of the transition period. Currently, companies such as Coinbase, Circle, and Revolut have obtained MiCA licenses.