#What is the AMF's New Deadline for Crypto Firms?
The French financial regulator, known as the Autorité des Marchés Financiers, has established a crucial deadline for cryptocurrency companies in France. By June 30, 2026, these firms must secure a full license under the EU's Markets in Crypto-Assets regulation, or they will need to cease operations. The AMF has been clear that there will be no extensions to this deadline.
At a recent press event, the AMF President emphasized that firms unable to obtain this authorization must prepare to wind down their operations in an orderly manner. This might include offloading customers and making necessary arrangements to end services.
#How Many Firms Are Complying with MiCA?
As of January 13, 2026, the AMF identified around 90 companies operating without a MiCA license. These companies previously operated under the French PACTE framework, which provided a lighter regulatory touch. Among these, approximately 30% have not responded to the AMF’s notifications, while another 40% indicated they will not seek MiCA authorization. Only around 27 firms have expressed intent to comply by applying for the necessary licenses.
The AMF's firm stance has generated significant discourse in the industry, as they maintain a strict approach to regulatory compliance. The Executive Director reinforced that this situation is not open for negotiation; firms must either comply or prepare to exit the market.
#What Does MiCA Regulate?
The Markets in Crypto-Assets regulation started applying fully on December 30, 2024, with specific regulations for stablecoins effective as of June 30, 2024. France initially permitted firms under the PACTE law to continue operations while transitioning to the new EU standards. However, this grace period will conclude on the upcoming deadline.
A subset of firms has already achieved compliance, securing their MiCA CASP licenses. Well-known companies like Deblock, GOin, Bitstack, and CACEIS are among those that have met the requirements. Furthermore, France is advocating for the European Securities and Markets Authority to take on a supervisory role for the overarching MiCA enforcement across the EU.
#What Should Investors Be Aware Of?
The AMF's demand for structured wind-down plans aims to avert disorderly exits from the market. Investors with assets on platforms that may close should attentively monitor the timelines for withdrawals and be alert for any restrictions that may come into play as these firms prepare to shut down operations. Understanding these timelines and potential challenges is vital for any investor holding assets in this rapidly evolving landscape.