Overview
- The AMF publicly set June 30, 2026 as a hard cutoff on Thursday and said that from July 1 only fully authorised crypto‑asset service providers may legally operate in France.
- Regulator chief Marie‑Anne Barbat‑Layani demanded that any firm that misses the deadline file an “orderly wind‑down plan” so customers can recover or transfer assets.
- AMF data shows about 90 legacy PSAN/PACTE providers remain on its list with roughly 30% applying or intending to apply, 40% saying they will not apply, and about 30% non‑responsive, signaling wide exits or consolidation.
- The AMF warned of blacklists, legal action and even prosecution for firms that keep serving EU customers without MiCA approval and said France may block passported licences it deems unsafe.
- A handful of firms such as Deblock, GOin, Bitstack and CACEIS already hold full CASP licences that allow EU‑wide passporting while Brussels has opened a review of MiCA that could affect stablecoin and cross‑border rules.