Regulation · 13 JUN 2026
France's AMF: unlicensed crypto firms face blacklist after June 30
France's AMF has warned crypto firms that operating without an EU MiCA licence after 30 June will trigger blacklisting and criminal prosecution. Companies unable to obtain authorisation must prepare orderly wind-down plans before the deadline.
The AMF has signalled it will actively pursue enforcement against crypto firms that continue to operate in France after the 30 June MiCA transitional deadline without an EU licence. Non-compliant firms face public blacklisting and referral for legal action, raising the stakes significantly for operators currently relying on legacy national registrations. France has also reserved the right to block licences granted by other EU member states if the AMF disagrees with their approval decisions, a move that could complicate passporting strategies. Firms that cannot secure authorisation in time must document and execute orderly wind-down plans to avoid regulatory sanction. Operators should immediately audit their licensing status, engage legal counsel on MiCA eligibility, and draft contingency wind-down procedures if approval is uncertain.