Crypto companies without EU licences face prosecution, French regulator warns

France's top markets ​regulator warned ​crypto companies they could be ​blacklisted and sued if they do not get an EU licence to ‌operate by ⁠end ⁠of June, as the bloc fully ​rolls out tighter regulation of crypto.

Under the ​European Union's crypto rules, MiCA, crypto companies have until June ​30 to get a ⁠licence to ‌continue operating in ​the ​bloc. European regulators have ⁠already warned that companies without licences ​need to have "orderly wind-down plans" ​in place.

"It's becoming very very urgent to finalise the licences applications," Marie-Anne Barbat-Layani, president of the French markets regulator, ‌AMF, said at a press event on Thursday.


Crypto companies ​which have ​not secured ⁠licences by the EU's deadline will be put on blacklists and will ​face enforcement action, including prosecution, if they continue to actively seek EU customers without authorisation, Barbat-Layani said.