EU MiCA Regulation Triggers Crypto Accounting Overhaul and Market Consolidation in France

A new French accounting framework (ANC 2026‑01) aligns with the EU Markets in Crypto‑Assets (MiCA) regulation, redefining crypto‑assets and related items for bookkeeping purposes. The rule expands the scope beyond token‑only treatment to include utility tokens, electronic money tokens and other distributed‑ledger assets, introducing specific accounts such as 513 for electronic money tokens and 522‑21 for crypto‑assets held or lent. It will apply to financial statements from 1 January 2027, with the option for early adoption once published in the Official Journal.

The MiCA deadline of 1 July 2026 forces crypto‑exchange platforms to secure a MiCA licence or exit the EU market. Smaller operators are merging or shutting down, exemplified by Dutch platform Finst acquiring 100 000 BOTS Capital customers after the latter withdrew its crypto offering. Finst’s CEO Julien Vallet said the move reflects “a context where reputation, transparency and regulatory compliance become increasingly important”. Binance faces potential loss of its EU licence pending Greek regulator approval, highlighting the broader industry reshaping under MiCA.