PANews reported on January 14th, citing Reuters, that French market regulators warned on Tuesday that nearly a third of the approximately 90 registered crypto companies in France without MiCA licenses have yet to disclose their plans to regulators as the transition period for the EU's new crypto regulation, MiCA, is set to end on June 30th. Stephane Pontoizeau, Executive Director of the Market Intermediaries and Infrastructure Supervision Department at the AMF, stated that as of now, 30% of companies have applied for licenses, 40% have decided not to apply, and the remaining 30% have neither disclosed their plans nor responded to inquiries from regulators, a situation that is causing him concern.

As required by the European Securities and Markets Authority (ESMA), companies without MiCA authorization must implement an "orderly shutdown plan" before the end of the transition period. Previously, Coinbase, Circle, Revolut, and others had already obtained MiCA licenses.