BCB Group, a cryptocurrency company, announced that it has obtained digital asset and electronic money licenses in France. It has been authorized by two major financial regulatory authorities in the country, ACPR and AMF, to act as an Electronic Money Institution (EMI) and a Digital Asset Service Provider (DASP).

PANews reported on February 7 that Liquidity provider B2C2 has been licensed by regulators in Luxembourg as a virtual asset service provider (VASP), and the London-based company wants to expand its operations in the European Union, according to CoinDesk. The license, which allows B2C2 to offer OTC Trading (OTC) SpotCrypto Assets services to institutional clients, makes it the 12th VASP to be publicly registered with the Luxembourg Commission for Financial Supervision (CSSF). The company was previously licensed by the French Financial Authority (AMF).

Circle Wins Conditional Approval to Provide Digital Asset Services in France Circle, the stablecoin issuer, has obtained conditional registration as a digital asset service provider from France's Financial Markets Authority (AMF). To fully operate in France, Circle needs an electronic money institution license, which it has already applied for. France has been actively encouraging crypto companies to establish themselves in the country due to its clear regulatory framework and the upcoming implementation of the Markets in Crypto Assets (MiCA) legislation in the European Union.

PANews reported on December 21 that, according to the official blog, Circle, the USDC issuer, announced today that it has obtained conditional registration as a digital asset service provider (DASP) from the Autorité des Marchés Financiers (AMF). As a further testament to its commitment to France and the EU, Circle also announced the selection of payments industry veteran Coralie Billmann to lead its licensed operations in France. Coralie Billmann's appointment remains subject to regulatory approval. In order to remove the conditions related to its registration and to be able to start operations in France, Circle must be approved as a payment service provider (PSP) or registered as a PSP agent. This condition will be met by obtaining an electronic money institution license, which Circle has applied for.

A spokesperson confirmed to Decrypt that French cryptocurrency company Coinhouse announced a 15% layoff. Local media outlet BFM reported that the company has cut 10 employees from 70, and the company's current number of employees has been reduced from 100 a year ago to 60 now. Coinhouse is a Paris-based cryptocurrency broker that allows investors to buy and sell up to 40 different cryptocurrencies. Founded in 2015, the company became one of the first entities to be registered as a Digital Asset Service Provider (PSAN) by the French Authority for Financial Markets (AMF) in 2020.

PANews reported on September 14 that according to Tech Funding News, French financial technology company Fipto completed a 15 million euro (approximately $16.12 million) seed round of financing, led by Serena Capital and Motier Ventures. The new funding will allow Fipto to further develop its platform, providing an all-in-one payments and treasury solution that enables businesses to convert and send any currency by leveraging the benefits of blockchain: speed, cost efficiency and transparency. In addition, Fipto is committed to facilitating instant cross-border payments and has institutional-grade custody and wallet security as well as a multi-party computation (MPC) wallet to provide enterprises with security and privacy in the digital realm. It is worth mentioning that Fipto has been registered as a Digital Asset Service Provider (DASP) with the French Authority for Financial Markets (AMF).

Odaily Planet Daily reported that French financial technology company Fipto completed a 15 million euro seed round of financing, led by Serena Capital and Motier Ventures. The new funding will allow Fipto to further develop its platform, providing an all-in-one payments and treasury solution that enables businesses to convert and send any currency by leveraging the benefits of blockchain: speed, cost efficiency and transparency. In addition, Fipto is committed to facilitating instant cross-border payments and has institutional-grade custody and wallet security as well as a multi-party computation (MPC) wallet to provide enterprises with security and privacy in the digital realm. It is worth mentioning that Fipto has been registered as a Digital Asset Service Provider (DASP) with the French Authority for Financial Markets (AMF). (TechFundingNews)

Golden Finance reports that French social media influencers, including those influencing the cryptocurrency industry, must obtain certification from the Financial Advertising Responsible Influence Program before advertising financial products, according to a press statement on September 7. The Financial Responsible Influence Certificate was created by the Authority for Financial Markets (AMF) and the Authority for Public Professional Regulation (ARPP) to test whether influencers comply with new laws regulating social media influencers. The law, which went into effect on June 1, requires influencers to disclose sponsored content on their pages and prohibits them from promoting harmful or inappropriate products and services to their audiences. To earn the certificate, influencers must score at least 75% on 25 multiple-choice questions that test their understanding of financial product rules. The certificate is only valid for one year and the influencer must retake the test to renew it. Courses cover a variety of topics including investment products, financial services, crypto-assets and digital asset service providers, and other related issues.

According to PANews on August 24, according to Coindesk, a press release stated that London-based liquidity provider B2C2 has acquired the French market maker company Woorton. Operates in the European Union. B2C2 can now provide services to EU institutional sectors through Woorton's PSAN (prestataires de services sur actifs numériques) license, regulated by the AMF (Autorité des Marchés Financiers). The amount of the deal was not disclosed.

Jinse Finance reported that London-based liquidity provider B2C2 has acquired French market maker company Woorton, a deal that enables B2C2 to obtain Woorton’s regulatory license, enabling it to operate in the EU. B2C2 can now provide services to EU institutional sectors through Woorton's PSAN (Digital Asset Service Provider) license, which is regulated by the AMF (Authority for Financial Markets).

According to PANews on August 10, the French financial regulator, the Financial Market Authority (AMF), announced that France has revised the registration requirements for cryptocurrency companies to better comply with the new EU MiCA regulations on the industry. DASP licenses are aligned with MiCA regulations. The AMF said the newly introduced "enhanced" registration requirements will come into effect on January 1, 2024, and will be mandatory for "new players" seeking to provide any regulated services. The changes will also "allow for the implementation of a fast-track procedure" to authorize companies already operating in the country with approval. DASPs that obtained Simple Registration before January 1, 2024 benefit from the "grandfather" clause and continue to comply with the framework applicable prior to that date. As reported last month, Société Générale received its first cryptocurrency license from French regulators.

On August 10th, the French financial regulator AMF announced that France has revised the registration requirements for cryptocurrency companies to better comply with the new EU MiCA regulations on the industry. The enhanced registration requirements will come into effect on January 1, 2024 and will be mandatory for new players seeking to provide any regulated service, the AMF said. The changes will also allow for a fast-track procedure to authorize companies already operating in the country with approval.

According to PANews on August 2, according to CoinDesk, the digital asset custody company Hex Trust has registered with the French Financial Market Authority (AMF) and the Prudential Regulation Authority (ACPR) to provide digital asset custody, purchase, sale and transaction services. Hex Trust said the registration was "an important milestone" in its European expansion plans, following approval in Italy last year.

Odaily Planet Daily News Societe Generale's encryption subsidiary SG Forge took the lead in obtaining France's first cryptocurrency license last week. The move could signal a long-term strategy as European law MiCA is about to replace this license. It is reported that the license granted to SG Forge by the French financial market authority is optional and difficult to obtain. The license signals that SG Forge strengthens its IT security and liability insurance, and allows it to offer a wider range of encryption services and to advertise more easily. So far, SG Forge is the only company with this license. Another 88 companies operate under the AMF's mandatory registration, which requires lower standards and limits the services they can provide. However, this complex licensing regime will be abolished when the EU's new encryption rulebook comes into effect at the end of 2024. The benefit of SG Forge's new license this time is that France may offer a "fast-track" transition process from its national law to MiCA. “Many companies are currently considering obtaining approval in France because they recognize the similarities between the French approval and MiCA,” said Daniel Arroche, partner at the French blockchain law firm. Easy to implement." Some sources indicate that about a dozen companies are trying to obtain an AMF license. Experts expect more news in the coming months as more companies receive licenses. Circle announced in March that it was applying for a French license to "double down" on European expansion. (DL News) Prior to the news on July 19, SG Forge, the cryptocurrency division of Societe Generale Bank, has become the first company in France to be approved by the country's financial regulator AMF (French Financial Market Authority) to provide cryptocurrency services. According to the AMF’s website, SG Forge was approved to provide buying, selling, trading and custody services for digital assets from July 18.

On June 27th, the French Financial Market Authority (AMF) stated in a DeFi discussion report that DeFi is currently in the early stages of development. On the one hand, it can promote innovation, and on the other hand, it also brings risks to participants. It also poses greater challenges to regulators. The next few years may be a critical period for the DeFi industry. In France, the Authority for Prudential Regulation (ACPR) has made some proposals on DeFi regulation and submitted them for consultation. At the EU level, the European Commission will have to assess developments related to DeFi in the crypto asset market and assess the need for a regulatory treatment of the DeFi system after the Market in Crypto Assets (MiCA) regulation comes into force. Work carried out by international agencies and organizations such as IOSCO and FSB will also further clarify guidance or recommendations to jurisdictions regarding the regulatory treatment of DeFi. The AMF fully supports these initiatives and intends to increase engagement with public and private stakeholders with a view to forming a balanced regulatory framework that will help support the healthy growth of DeFi in the long run.

According to PANews news on June 22, banking giants Crédit Agricole and Santander's asset services division CACEIS registered with the French Financial Market Authority (AMF) on June 20 to provide cryptocurrency custody. Serve. CACEIS, which hosts 4.6 trillion euros ($5.1 trillion) in assets, has been rumored to be seeking a cryptocurrency regulatory license since 2021. CACEIS joins other traditional financial firms such as Societe Generale’s Forge and AXA Investment Managers in being the first to be licensed under Europe’s most cryptocurrency regulatory framework as the EU prepares to implement new cryptocurrency licensing rules known as MiCA from 2024.

CACEIS Bank, the asset services arm of Crédit Agricole and Santander, has registered with the French Financial Market Authority (AMF) to provide cryptocurrency custody services. It is reported that CACEIS Bank provides services to asset management companies such as insurance companies, pension funds and private equity. (CoinDesk)

According to PANews news on June 19, according to CoinDesk, France’s top market regulator, Autorité des Marchés Financiers (AMF), released a discussion paper on DeFi on Monday. AMF expressed its desire to issue licenses to cryptocurrency exchanges operating in the country. Shared his "initial thoughts on regulatory issues" raised by the decentralized and "disintermediated" protocols that make up the DeFi ecosystem. The AMF attempts to define DeFi, a decentralized governance system called a DAO, and automated "smart contracts" that run transactions. The document also presents the relevant levels of risk and control for debate. The AMF expressed its full support for global standard setters such as the Financial Stability Board (FSB) to set standards for the DeFi industry, and the working group of the international securities regulator IOSCO will issue recommendations before the end of the year. And intends to increase engagement with public and private stakeholders with a view to emerging a balanced regulatory framework that will help support the long-term healthy development of decentralized finance. Finally, industry stakeholders are also invited to contribute to the AMF's proposed discussion points by 30 September.

Odaily Planet Daily News France's top market regulator, the Autorité des Marchés Financiers (AMF), expressed support for globally coordinated decentralized finance (DeFi) rules. In a discussion paper published on Monday, the AMF, which issues licenses to cryptocurrency exchanges looking to operate in the country, shared its "regulatory concerns" for the decentralized and "disintermediation" protocols that make up the DeFi ecosystem. Preliminary Thoughts". The AMF attempts to define DeFi, a decentralized governance system called a DAO, and automated "smart contracts" that run transactions. The document also presents the relevant levels of risk and control for debate. The document also stated that “due to the cross-border nature and reach of DeFi activities, the AMF also supports the development of a globally coordinated regulatory approach to ensure a global level playing field that both aims to protect investors and foster innovation.” ( CoinDesk)