Markets in Crypto-Assets (MiCA) was never only a paperwork exercise. In early 2026 the French Autorité des marchés financiers (AMF) sketched a blunt picture: of roughly ninety French crypto firms still without a MiCA licence, about thirty percent had applied, forty percent said they would not, and thirty percent had not even answered. France’s transitional runway was described as ending on 30 June 2026.
ESMA had already told national supervisors to treat last-minute filings carefully and to expect orderly wind-downs where authorisation would not arrive. That is regulator-speak for “stop pretending the old registration lasts forever”. If your exchange or broker is quiet about its MiCA status while asking for fresh deposits, that silence is information.
Check the firm on your national register and on EU warning lists. Prefer venues that name the authorised legal entity. If a platform suddenly invents “exit fees” during a wind-down story, walk away and use the help pages below rather than paying to unlock what may never leave.
Help routes: Get help. If a “refund agent” appears next, see Fake recovery.
This article is for general information only. It is not legal or financial advice. Details change. If you have lost money, contact your bank or card issuer and use the routes on the help pages.