France’s financial regulator has reportedly issued a warning to 90 crypto companies that remain unlicensed under the European Union’s Crypto Asset Market Regulation (MiCA) framework ahead of a key deadline in June.
France’s Financial Markets Authority (AMF) has warned that around 30% of unlicensed companies are not responding to requests from authorities regarding whether they plan to obtain the necessary licenses, Reuters reported on Tuesday.
Stephane Pontoiseau, executive director of the AMF’s market intermediation and market infrastructure supervision department, told Reuters the regulator sent a reminder to companies in November that the country’s transition period ends on June 30.
Cryptocurrency companies that do not comply with the MiCA framework will be forced to cease operations by July, the report states.
40% of unlicensed crypto companies in France are not seeking a MiCA license
According to AMF’s Pontoiseau, about 40% of the 90 crypto companies registered in France without a MiCA license have reportedly said they do not intend to apply. A further 30% said their license application was in progress.
Regulators did not provide details about which companies had refused licenses or which remained unresponsive.
Cointelegraph reached out to AMF for comment, but did not receive a response at the time of publication.
French MiCA license includes CoinShares and Relai
Since the MiCA framework became fully effective at the end of 2024, France’s AMF has issued licenses to a small number of cryptocurrency companies.
These include CoinShares, a major cryptocurrency investment company that received a license in July 2025, and Swiss Bitcoin (BTC) app Relai, which received a MiCA license from AMF in October.
This news adds to concerns about the EU’s enforcement challenges surrounding the MiCA framework.
The Paris-based European Securities and Markets Authority (ESMA), Europe’s main regulator overseeing MiCA compliance, said in December that it expects crypto companies not licensed by MiCA to have plans for an “orderly exit” after the end of the transition period.
Also in December, the European Commission proposed giving ESMA a central supervisory role over all crypto companies in the EU.
The proposal has raised concerns in the industry, with critics warning it could delay licensing and hinder startup growth.
Related: Ripple supports Luxembourg’s electronic money and aims to obtain MiCA passport in EU
French authorities support giving ESMA centralized supervisory powers, but member states such as Malta have openly opposed the move.
France has emerged as a major critic of the EU’s passport system, warning that some companies may seek MiCA licenses in jurisdictions with more lenient standards.
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