According to the AMF website, 70 companies currently hold European approval, including French crypto startups Deblock and Bitstack, as well as the Credit Agricole subsidiary Caceis. However, the crypto giant Binance, registered in France since 2022, has still not received Mica.

Heading towards exclusion of companies?

These 90 crypto companies could very well seek approval elsewhere, then benefit from the "European passport" that allows them to operate all across Europe.

So, the AMF has pointed out that they might kick out companies that got Mica from another European regulator. For them, some would hand out Mica more easily than others.