The French Financial Markets Authority (AMF) warned that crypto companies operating in the country without a license have until June 30 to acquire the permits or exit the country.
AMF President Marie-Anne Barbat-Layani told a press event on Thursday that crypto companies that fail to obtain a license by the deadline must have “orderly wind-down plans” to offload customers and end their operations, according to Reuters.
Under the European Union’s Markets in Crypto Assets (MiCA) regulatory framework, crypto service providers are required to have licenses to operate, but can acquire a license in any of the 27 EU member states and “passport” the license to any of the other member nations.
With the MiCA deadlines looming, tensions are mounting between EU member states about licensing requirements and whether control over Europe’s crypto regulations should be centralized by the European Securities and Markets Authority (ESMA).
ESMA is a Paris-based organization whose potential expanded role has drawn criticism, with some arguing that centralizing regulatory control with the agency would undermine the existing passporting model that allows licenses to be recognized across member states.
A spokesperson for Malta’s Financial Services Authority (MFSA) told Cointelegraph that changing the MiCA regulatory structure is “premature,” adding that regulators need time to assess the impacts of MiCA, which became legally applicable in 2024.
In April 2026, Peter Kerstens, an adviser on technological innovation, digital transformation and cybersecurity at the European Commission’s financial services department, said that MiCA may be overhauled to regulate a more mature crypto industry. Kerstens said that EU regulators would seek public consultation about any potential overhaul that would alter existing provisions or add new requirements for crypto service providers operating in the region.
Source: France’s AMF gives unlicensed crypto firms until June 30 to comply or exit