A Third of French Crypto Firms Still Unlicensed Under MiCA as Deadline Nears

TL;DR:

French regulators announced this week that roughly 30% of crypto companies have not yet applied for a MiCA license. The news comes as a key regulatory deadline approaches, one that will decide whether these firms can legally continue operating.

Key Points:

Background:

Cryptocurrency regulation involves government oversight and legal frameworks designed to govern digital asset markets. Regulatory developments from agencies like the SEC, CFTC, and international bodies shape how cryptocurrencies can be traded, used, and integrated into traditional finance systems.

Why It Matters:

Regulatory clarity is crucial for mainstream adoption and institutional investment in cryptocurrencies. New regulations can significantly impact market dynamics, determine which projects can operate legally, and influence the future direction of the entire crypto industry.