France’s financial regulator has issued warnings to 90 crypto companies operating in the country without proper authorisation under the Markets in Crypto-Assets regulation.
The Autorité des marchés financiers said the move reflects a tightening stance as the MiCA transitional period moves closer to its end.
The AMF confirmed that dozens of firms remain active in France despite lacking a valid MiCA licence or a clear compliance pathway.
Stéphane Pontoizeau highlighted the scale of the issue after direct outreach to affected companies.
About 30% of the companies contacted did not respond at all, which raises serious concerns about their future in the French market.
Stéphane Pontoizeau said.
The regulator also reported that around 40% of the firms contacted have explicitly refused to begin a compliance procedure.
These companies now face the prospect of being forced to halt operations as early as July 2026 when the transitional period expires.
The AMF began sending formal reminders in November 2025 but noted that several firms have remained silent despite repeated follow-ups.