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France moves to clear out unlicensed crypto firms as MiCA deadline nears

Crypto companies operating in France without authorisation may have to stop local business if they fail to secure a Markets in Crypto-Assets (MiCA) licence by June 30, local time. The French financial markets regulator AMF has demanded that firms lacking approval by the deadline begin procedures to leave France or shut down. AMF head Marie-Anne Barbat-Layani said firms must prepare wind-down plans to transfer customers and settle assets and services.