France Warns Crypto Firms Of Blacklisting And Prosecution Ahead Of EU Licensing Deadline
The AMF said firms without approval by June 30 could be blacklisted and prosecuted as EU passporting rights come under review.
- On Thursday, Marie-Anne Barbat-Layani, president of the AMF, warned that crypto companies must finalize license applications by June 30, or risk being blacklisted and facing prosecution for serving European Union customers.
- Under the MiCA framework, crypto firms must obtain a license from an EU member state by June 30 to legally operate throughout the European Union using a "passporting" system that allows approved companies to offer services across multiple countries.
- The European Securities and Markets Authority previously warned firms without MiCA authorization to establish "orderly wind-down plans" if they intend to cease operations within the bloc, according to guidance published earlier this year.
- Barbat-Layani reiterated that France may block passporting rights tied to licenses issued by other European Union countries if regulators disagree with approval methods, though she called this a "serious collective failure."
- While European regulators pursue tighter oversight, the United States has recently shifted toward a more industry-friendly approach under President Donald Trump's administration, easing enforcement pressure on digital asset trading platforms.
15 Articles
15 Articles
Crypto companies without EU licences face prosecution, French regulator warns
Some 50 platforms still don't have their accreditation. Some, clearly, will never have it. An ultimatum that no longer laughs L-AMF no longer chews its words and announces the color. In a recent press release, the authority now considers "very unlikely" that some actors will finalize their CASP file in time. Of the approximately 90 PSAN [...]
French Regulator Sets June 20 Deadline for Crypto Firms to Get MiCA Licence
France’s financial regulator has given crypto firms until June 30 to secure a MiCA licence or begin winding down operations. The warning comes amid broader debates within the EU over passporting rules and regulatory oversight.
France Sets June 30 MiCA Licensing Deadline for Crypto Firms
The French financial regulator is tightening the noose on crypto operators that do not yet hold a national license. The Autorité des marchés financiers (AMF) has set a hard deadline of June 30 for crypto firms to secure the necessary authorizations to operate in France, with a clear expectation that noncompliant firms implement orderly wind-down plans to transfer customers and cease activity if licenses are not obtained. The warning was articula…
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