France & European Union — European Securities and Markets Authority

France: France, through its France — Autorité des marchés financiers, has implemented strict enforcement measures for MiCA compliance, including criminal penalties for unauthorized operations.

European Union — European Securities and Markets Authority: The European Union — European Securities and Markets Authority confirmed the July 1 deadline for MiCA compliance and outlined the wind-down procedures for unauthorized crypto-asset service providers, playing a crucial role in the enforcement of the regulation.

France: France is mentioned as a potential alternative jurisdiction for Binance to secure a MiCA license, given its existing regulatory relationship with the country.

European Union — European Securities and Markets Authority: The European Union — European Securities and Markets Authority (ESMA) reviewed Binance's MiCA application, indicating a high level of scrutiny beyond national regulators.