Regulations
By Bruce Buterin
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What MiCA Actually Requires. Getting compliant under MiCA isn't a checkbox exercise.
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France as a Regulatory Bellwether. France has been one of the more active EU member states on crypto regulation for a few years now.
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What Firms Are Doing Now. In the weeks leading up to the deadline, crypto service providers in France have been scrambling —…
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France just drew a hard line. The Autorité des Marchés Financiers — the AMF, France's financial markets watchdog — has told crypto service providers they have until June 30 to be…
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The clock has basically been ticking since 2024, when MiCA officially took effect across EU member states.
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Firms that aren't ready by June 30 could find themselves locked out of the French market.
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Getting compliant under MiCA isn't a checkbox exercise. Crypto firms need proper licenses, and they need to show they've built real anti-money laundering controls — the kind…
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For a lot of crypto firms, especially smaller ones that grew up in a largely unregulated environment, that's a significant lift.
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The AMF hasn't released any public tally of how many firms operating in France are fully licensed versus still working through the process. That's unclear.
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See also: Crypto Card Monthly Volume Hits $7.8 Billion, Up 230% Since 2025
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And that matters beyond French borders. Other EU member states are watching. MiCA applies across the entire bloc, but enforcement timelines and intensity can vary by country.
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That's not a guarantee. Regulatory momentum can stall. But France's posture here seems deliberate.
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In the weeks leading up to the deadline, crypto service providers in France have been scrambling — or at least should be scrambling — to lock down their licensing applications…
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Some firms probably started this process early and are in decent shape. Others maybe didn't treat the transitional period as seriously as they should have.
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Related: 47% of Crypto Firms Now Clear Compliance Bars That Once Seemed Unreachable
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