A Third of French Crypto Firms Still Unlicensed Under MiCA as Deadline Nears

French regulators announced this week that roughly 30% of crypto companies have not yet applied for a MiCA license. The news comes as a key regulatory deadline approaches, one that will decide whether these firms can legally continue operating. Though the European Union became the first jurisdiction to create a legal framework for crypto-assets, MiCA has faced pushback over its steep capital requirements and operational costs. France Faces Licensing Deadline Under the European Union’s Markets in Crypto-Assets (MiCA) regulation, crypto firms must obtain authorization from a national regulator to operate across the bloc source: https://beincrypto.com/french-crypto-firms-still-unlicensed-under-mica/