France's AMF regulator sets June 30 deadline for MiCA licensing

CoinTelegraph3h agoUpdated 1h ago
France's AMF regulator sets June 30 deadline for MiCA licensing
Smart Read

France's AMF regulator imposed a June 30 deadline for crypto companies to obtain MiCA licenses or exit the country. Under EU's Markets in Crypto Assets framework, unlicensed firms must submit orderly wind-down plans. Tensions mount over centralizing crypto regulation, with debates on whether ESMA should control licensing across EU member states versus maintaining national oversight.

Key takeaways

  • 1France's AMF set June 30, 2026 deadline for unlicensed crypto firms to obtain MiCA licenses or exit the country.
  • 2Non-compliant companies must submit orderly wind-down plans to offload customers under EU's Markets in Crypto Assets framework.
  • 3EU member states debate centralizing crypto regulation under ESMA versus maintaining national oversight, threatening the current license passporting model.

Why it matters

India's crypto sector must monitor EU regulatory tightening as global compliance standards influence local exchanges and service providers operating internationally. The AMF deadline signals stricter enforcement globally, pressuring Indian platforms to enhance KYC/AML compliance and prepare for potential reciprocal regulations.

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