France's AMF warned that crypto firms still operating in the EU without MiCA licences after the June 30 deadline will be blacklisted and face enforcement, including prosecution, if they keep seeking EU customers. MiCA lets licensed CASPs passport across all 27 EU states, but AMF chief Marie-Anne Barbat-Layani said France could block passported licences from other countries if it disagrees with their approvals, even though she called that a serious collective failure.

TLDR by @Benthic