France flags 90 unlicensed crypto companies ahead of MiCA cutoff: Report

France has identified 90 unlicensed cryptocurrency companies as the deadline for compliance with the Markets in Crypto-Assets (MiCA) regulation approaches. The French financial regulator, AMF, is intensifying its scrutiny of the crypto sector to ensure adherence to new regulatory standards. Companies that fail to obtain the necessary licenses by the MiCA cutoff could face significant penalties or be forced to cease operations. This move reflects France's commitment to establishing a robust regulatory framework for the cryptocurrency market.

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