MiCA Deadline Could Make Several French Crypto Firms Illegal
French regulators announced this week that roughly 30% of crypto companies have not yet applied for a MiCA license. The news comes as a key regulatory deadline approaches, one that will decide whether these firms can legally continue operating.
Though the European Union became the first jurisdiction to create a legal framework for crypto-assets, MiCA has faced pushback over its steep capital requirements and operational costs.
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France Faces Licensing Deadline
Under the European Union’s Markets in Crypto-Assets (MiCA) regulation, crypto firms must obtain authorization from a national regulator to operate across the bloc.
In France, companies have until June 30 to notify regulators whether they plan to seek a MiCA…
