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Crypto companies without EU licences face prosecution, French regulator warns

Crypto companies without EU licences face prosecution, French regulator warns

By Elizabeth Howcroft

PARIS, May 28 (Reuters) – France’s top markets regulator warned crypto companies they could be blacklisted and sued if they ‌do not get an EU licence to operate by end ‌of June, as the bloc fully rolls out tighter regulation of crypto.

Under the European Union’s ​crypto rules, MiCA, crypto companies have until June 30 to get a licence to continue operating in the bloc. European regulators have already warned that companies without licences need to have “orderly wind-down plans” in place.

The rules, which were ‌agreed in 2023, bring ⁠regulatory oversight to the multi-trillion-dollar crypto industry’s operations in Europe, even as U.S. President Donald Trump’s administration has eased…

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