A Third of French Crypto Firms Still Unlicensed Under MiCA as Deadline Nears

French regulators report that approximately 30% of the roughly 90 registered crypto companies have not yet indicated their plans regarding the Markets in Crypto-Assets (MiCA) license, as the June 30 deadline approaches. Of the unlicensed firms, 30% have applied, 40% have indicated they will not seek authorization, and the remaining 30% are unresponsive. Failure to meet this deadline means these firms risk losing the legal right to operate in France and the wider EU bloc. While MiCA establishes the EU as a leader in crypto regulation, it faces industry pushback due to steep capital and operational costs, which critics argue disproportionately affect smaller firms, and specific stablecoin provisions that favor traditional banking infrastructure.

(Source：BeInCrypto)