The European crypto regulatory framework is in the process of implementation. The French Financial Markets Authority recently issued a warning: approximately 30% of unlicensed crypto companies have yet to clearly state whether they will apply for a license. These institutions face time pressure—the regulatory transition period ends on June 30. The European Securities and Markets Authority has also required all unauthorized crypto businesses to be prepared with exit plans. In other words, before July, they must either obtain licenses or prepare to exit the market. This wave of regulation reflects Europe's regulatory attitude towards the crypto asset market and also provides a competitive advantage for compliant companies within the industry. In the coming months, the landscape of the crypto market may undergo adjustments as a result.