MiCA: The AMF Toughens Its Tone!

France no longer wants its financial officers to turn a blind eye. For the current leaders, crypto remains a danger. A storm is brewing for those who refuse to bend. The AMF has just said it plainly: the time for uncertainty is over. Either you get the MiCA license, or you shut down. And not in six months. Much sooner. As a result, the French crypto market is already trembling.

March 30, 2026: The real deadline that will shake the entire crypto market

The AMF sets March 30 as the mandatory start of orderly cessation. From this date, any company without MiCA approval will only be able to do the strict minimum. Return crypto-assets or sell them with sufficient notice.

The AMF review takes up to four months, often more due to requested clarifications. So you need to apply now.

Out of 117 PSANs, 34 still don’t have the MiCA license. Binance, registered since 2022, is still pending. France applies MiCA more strictly than many European states. The European passport will not be automatic for those who get it elsewhere.

The French crypto market is entering a major purge phase. Weak players will gradually disappear. Strong ones will survive and grow. The crypto industry is consolidating brutally. Investors must anticipate from today.

Your cryptos in danger? Here’s exactly what happens without a MiCA license

If your platform does not get the MiCA license, it will have to return your assets to an authorized PSCA. Or sell them with sufficient notice. No custody while waiting for approval. 

After July 1, 2026, continuing without MiCA = up to 2 years in prison and a €30,000 fine. The AMF can publish a blacklist and alert the public. 

Here is the official AMF version: 

From July 1, 2026, providers not authorized as PSCAs must cease their activity in France while awaiting their authorization. Otherwise, these providers face a penalty of two years imprisonment and a 30,000 euro fine, pursuant to articles L. 54-10-4 and L. 572-23 of the monetary and financial code. 

Your cryptos will not disappear. They will just have to change homes. Quickly. The crypto industry must choose: comply or leave the table.

MiCA or closure: France toughens its tone like never before

The AMF moves from the flexible PSAN regime to the strictest MiCA in Europe. Prudential requirements, equity capital, compliance: the bar is much higher. 83 companies already hold the MiCA license (Deblock, Bitstack, Caceis…). 34 are on probation.

The regulator reserves the right to request site blocking. 

The AMF may notably publish a list of unauthorized providers, accompanied by a public warning, and, where appropriate, seek a court order to block access to the websites of unauthorized providers.

Source: AMF Press Release

France wants a clean and solid crypto market. It is ready to do the cleaning. Binance is particularly exposed. 

The goal is clear: protect crypto investors.

Key dates and figures to remember for MiCA and PSANs

• March 30, 2026: mandatory start of orderly cessation;
• July 1, 2026: definitive end of the transitional period;
• 83 PSANs already MiCA-approved out of 117;
• Up to 2 years in prison and a €30,000 fine for non-compliance;
• AMF review: up to four months (often more).

If the blockchain is closely monitored by France, artificial intelligence companies are not left behind either. Recently, due to reports on Grok, French justice investigated X. A simple mistake or sensitive content can cost very dearly.