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France's AMF Sets June 30 MiCA Deadline – 70% of Firms Face Exit
The AMF has identified 90 unlicensed firms under the old PACTE framework. Only 27 have applied for MiCA. Users on the other 63 platforms face withdrawal risk by mid-2026.
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France’s financial regulator has drawn a hard line for crypto firms still operating under the old domestic framework. The Autorité des Marchés Financiers (AMF) told the roughly 90 companies registered as Digital Asset Service Providers (DASPs) under the 2019 PACTE law that June 30, 2026 is the final deadline to obtain a full MiCA license. Firms that miss it must have “orderly wind-down plans” to offload customers and cease operations.
AMF President Marie-Anne Barbat-Layani said at a press event on Thursday that the date is not negotiable. Executive Director Stéphane Pontoizeau has echoed the stance: no extensions will be granted.
The 90 Firms Still Under PACTE – and the 63 That Won't Make It
As of January 13, 2026, the AMF had identified approximately 90 unlicensed firms still operating under the old PACTE framework. These companies were registered as DASPs, a lighter regulatory category that France created before MiCA existed. MiCA demands full authorization as a Crypto Asset Service Provider (CASP) with stricter separation of client funds, capital buffers, and reporting obligations.
Of those 90 firms, the AMF’s outreach revealed three distinct groups:
| Firm Status | Count | Share of 90 |
|---|---|---|
| No response to AMF reminders | 27 | 30% |
| Declined to apply for MiCA | 36 | 40% |
| Applied or expressed intent | 27 | 30% |
The 63 firms that have either ignored the regulator or explicitly said they will not apply represent the bulk of exposure. The 27 that have applied or intend to are the only ones with a realistic path to compliance.
Four Firms Already Licensed
A handful of companies have already cleared the bar. The AMF lists these licensed CASPs:
- Deblock
- GOin
- Bitstack
- CACEIS
These four provide a benchmark for what full compliance looks like. The remaining 63 firms that have either ignored the deadline or declined to apply represent the bulk of exposure. Users on those platforms hold balances in tokens ranging from Bitcoin (BTC) to Ethereum (ETH) and various altcoins.
What Happens on June 30, 2026
MiCA entered full application on December 30, 2024. Stablecoin-specific rules kicked in even earlier, on June 30, 2024. France’s approach was to let firms already registered under PACTE continue operating while they worked toward the new EU-wide standard. That grace period now expires on June 30, 2026.
Both Barbat-Layani and Pontoizeau have made clear that this date will not be extended. The AMF is also pushing for the European Securities and Markets Authority (ESMA) to take on a centralized supervisory role for MiCA enforcement across the EU, which would reduce regulatory arbitrage between member states.
The AMF’s requirement for “orderly wind-down plans” is designed to prevent a chaotic scramble. Users holding assets on platforms that shut down should be paying close attention to withdrawal timelines and any restrictions that might emerge as firms wind down.