Ahead of the Markets in Crypto-Assets (MiCA) regulation cutoff, French regulators have identified 90 crypto businesses operating without the required license, according to reports. The report indicates a concerning lack of compliance, with approximately 40% of these firms reportedly not seeking to obtain the necessary licensing. Furthermore, 30% have been unresponsive to regulatory inquiries. Regulators are warning of potential shutdowns in July for non-compliant entities. The development highlights increasing regulatory scrutiny within the crypto space as jurisdictions prepare to enforce comprehensive frameworks.

Ahead of the Markets in Crypto-Assets (MiCA) regulation cutoff, French regulators have identified 90 crypto businesses operating without the required license, according to reports. The report indicates a concerning lack of compliance, with approximately 40% of these firms reportedly not seeking to obtain the necessary licensing. Furthermore, 30% have been unresponsive to regulatory inquiries. Regulators are warning of potential shutdowns in July for non-compliant entities. The development highlights increasing regulatory scrutiny within the crypto space as jurisdictions prepare to enforce comprehensive frameworks.