European crypto regulation reaches a turning point. In France, the AMF points the finger at 90 companies not licensed under the MiCA framework. Some may disappear this summer.
In brief
- The AMF warns: 90 French crypto companies risk closure due to lack of a MiCA license.
- The European Union wants to impose strict crypto regulation to strengthen trust and financial compliance.
The AMF raises its tone against laggards in the crypto sector
France, a pioneer in crypto regulation, is increasing calls for order. The Financial Markets Authority (AMF) has just identified 90 companies active in the country without MiCA license. According to Stéphane Pontoizeau, executive director of the supervision of market intermediaries, around 30% of the companies contacted gave no response.
Another revealing figure: 40% of them refuse to initiate a compliance procedure. These actors therefore risk a cessation of activity from July 2026at the end of the transitional period. The French regulator sent reminders as early as November 2025. Several crypto companies, however, persist in silence.
This situation illustrates the growing divide between large, already certified crypto platforms (like CoinShares and Relai) and a multitude of smaller players unable to adapt to the new rules. Recalcitrant companies risk being excluded from the European crypto market. A potential shock for the French blockchain ecosystem!
MiCA, between European ambition and regulatory shock for crypto
Promulgated in June 2023, the objective of the MiCA regulation is to standardize crypto regulation throughout the European Union. Each country must apply the same standards in order to avoid the gray areas and excesses observed during previous bubbles. L'ESMAbased in Paris, requires that any non-compliant company prepare a withdrawal plan ordered before June 30.
France supports centralized supervision of ESMAunlike Malta and other Member States considered more lax. Some crypto players fear that this approach will slow down financial innovation and the competitiveness of young exchange platforms.
For others, this transition marks a historic turning point. The fact is that MiCA regulation could attract new institutional investors and give European crypto a clear framework at last.
In any case, this crucial step puts France in a position of leader in demanding crypto regulation. If compliance is successful, the French model could inspire the entire European market. Otherwise, the entire balance between innovation and regulatory control will be called into question.
Maximize your Tremplin.io experience with our 'Read to Earn' program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
