One-Third of French Crypto Firms Remain Unlicensed as MiCA Deadline Looms
French regulators revealed this week that nearly 30% of crypto firms operating in France have yet to submit applications for MiCA authorization as a critical regulatory deadline approaches. That shortfall means a significant share of providers could face suspension, fines or be forced to stop offering services if they fail to secure approval in time. Regulators framed the disclosure as a warning that the window to comply is closing.
The situation matters for users and markets: delayed filings increase the risk of service disruptions, complicate business planning, and could prompt intensified supervisory action across the EU. Firms still unlicensed will likely need to accelerate documentation and compliance work or consider restructuring their operations, while customers and counterparties watch for potential interruptions. Observers say heightened scrutiny is now likely as authorities move to enforce the new rulebook.