France's Crypto Licensing Overhaul: 35 Providers Now Approved as Binance France Exits

France's transitional regime for crypto-asset service providers, known as PSAN, came to an end on July 1, 2026. The deadline forced every platform operating in the country to secure authorisation under the European Union's Markets in Crypto-Assets Regulation, either as a CASP or under France's national PSCA framework. Three months on, the effects of that shift are visible across the market.

On July 2, the day after the transition closed, France's securities regulator, the AMF, published a communiqué noting that 31 crypto-asset service providers had been authorised in the country, placing France second in the European Union by number of licensed providers, behind only Germany. Across the bloc as a whole, 283 providers held authorisation at that point.

That figure has since grown. According to a tally by Mind Fintech, based on the European Securities and Markets Authority's registry, France now counts 35 licensed CASPs, having added several names over the summer. Among the four former PSAN operators that secured MiCA authorisation in that period were Finary, Woorton and Shares. Coinhouse, whose authorisation carries the reference A2026-013, obtained its licence in May. Meria is also listed among the authorised French players.

Binance France steps back

Not every established operator made it through the transition. Binance France announced on June 24 that it had not obtained authorisation before the June 30 deadline and would suspend its services as a result. Spot orders on the platform began being cancelled from July 1. Withdrawals remain possible, but clients who have not moved their funds by October 1 face a hard deadline.

The AMF has also moved against operators that simply fell outside the new framework. The regulator removed AUTOMATA France SAS from its registry, effective June 30, and reiterated that providing crypto-asset services without authorisation in France can carry a penalty of up to two years in prison and a fine of €30,000. Providers authorised elsewhere in the bloc, such as Bitpanda, licensed by the Austrian authority, continue to be recognised by the AMF under the EU's passporting arrangements.

What comes next

The AMF is due to update its blacklist of crypto-assets at the end of September. At the European level, ESMA has launched a coordinated supervisory action focused on private key custody and the cybersecurity practices of licensed CASPs, a review expected to run until the first half of 2027, with a report on its findings due in the second half of that year.

A separate debate is underway over the balance of supervisory power itself. On December 4, 2025, the European Commission proposed transferring part of the powers currently held by national authorities, including the AMF, to ESMA directly. France, Austria and Italy have expressed support for that shift, which would centralise oversight of crypto-asset providers at the European level rather than leaving it primarily with national regulators.