Overview
- The Autorité des Marchés Financiers announced Thursday that June 30, 2026 is a final, non‑extendable cutoff for firms to obtain Markets in Crypto‑Assets (MiCA) CASP authorization to keep operating in France.
- AMF President Marie‑Anne Barbat‑Layani said firms that do not win authorization must submit orderly wind‑down plans to protect customers and allow asset withdrawals without chaotic interruptions.
- Regulator data from January showed about 90 legacy PACTE‑registered firms still operating in France, with roughly 30% unresponsive, 40% saying they will not apply, and about 30% (around 27 firms) having applied or signalling intent.
- A small group of firms — Deblock, GOin, Bitstack and CACEIS — have already received MiCA CASP licenses in France, highlighting a likely split between firms that scale up and those that exit or relocate.
- The deadline comes as the European Commission reviews MiCA’s rules and France presses for centralized supervision by ESMA, a shift that could speed market consolidation and spur new euro stablecoin and cross‑border strategies.