France’s financial regulator said dozens of crypto companies have yet to secure authorization under the EU’s MiCA framework

90 crypto firms in France risk shutdown over missing MiCA licenses

14.01.2026 - 09:05

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3 min

Key points:

  • France has identified 90 crypto companies operating without a MiCA license.
  • About 40% said they do not plan to apply, while another 30% have not responded to the regulator.
  • Unlicensed firms will be required to cease operations starting in July.

France’s financial markets regulator has identified 90 cryptocurrency companies that continue to operate without a license under the Markets in Crypto-Assets (MiCA) regulation, according to Reuters.

The regulator reminded firms that the transition period ends on June 30. After that date, all crypto platforms that have not obtained MiCA authorization will be required to stop operating in the country.

Regulatory data shows that roughly 40% of the identified companies said they do not intend to apply for a license. Around 30% either failed to respond to the regulator’s request or remain in an uncertain status.

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Everything you need to know about cryptocurrency regulation in Europe. MiCA overview

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Regulator’s stance

Stephane Pontoiseau, executive director of market supervision at the regulator, said companies were notified in advance and given sufficient time to clarify their regulatory status. Operating without a license after June would constitute a breach of EU law, he said.

The regulator did not disclose the names of companies that declined licensing or failed to engage.

MiCA fully entered into force at the end of 2024, establishing a single legal framework for crypto assets across the European Union. In France, licenses have already been granted to investment firm CoinShares and Swiss bitcoin app Relai.

Similar measures are being prepared in Spain. From July 1, 2026, crypto service providers will be allowed to operate only with a MiCA license, while the DAC8 directive, which mandates automatic reporting of user transaction and balance data to tax authorities, comes into effect on January 1, 2026.

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