Financial regulators in France have identified 90 unlicensed crypto companies under the MiCA framework, with 30% unresponsive. Companies that fail to comply by June 30 face closure. 40% of these companies don’t plan to seek MiCA licenses, while 30% are in the application process. France’s AMF has granted MiCA licenses to CoinShares and Relai. ESMA proposed centralized supervisory role over EU crypto companies, raising concerns about slower licensing and startup growth. French authorities support ESMA’s role, while Malta opposes it. France criticizes EU’s passporting regime, warning of companies seeking licenses in jurisdictions with lower standards.

Read more at Cointelegraph: France Flags Unlicensed Crypto Firms Ahead Of MiCA Deadline