France’s top financial watchdog has issued a stark ultimatum to the cryptocurrency industry: secure an official European Union operating license by the end of June or face blacklists and criminal prosecution.

The urgent warning comes from the Autorité des Marchés Financiers (AMF) as the European Union prepares to fully implement its landmark Markets in Crypto-Assets (MiCA) regulation. Under the sweeping new framework, all digital asset firms must obtain a comprehensive EU license by June 30 to legally offer services within the trading bloc. European regulators have already ordered unlicensed firms to prepare immediate, “orderly wind-down plans” for their European operations, News.Az…