France’s financial markets regulator has warned cryptocurrency companies that they could face blacklisting and legal action if they fail to secure authorization to operate in the European Union before the end of June, according to Reuters.
The warning comes as the EU completes the rollout of its landmark Markets in Crypto-Assets (MiCA) regulation, which introduces a unified regulatory framework for the crypto industry across the 27-member bloc. Under the rules, crypto firms must obtain a licence by June 30 in order to continue serving customers in the EU.
European regulators have already cautioned that firms unable to secure approval should prepare “orderly wind-down plans,” per Reuters. The MiCA framework, agreed in 2023, is…
