Crypto Service Providers Can Now Apply with French Regulator Ahead of MiCA Implementation
The Autorité des Marchés Financiers (AMF), France’s financial regulator, has started accepting applications for crypto asset service provider (CASP) authorization under the upcoming European Markets in Crypto-Assets (MiCA) Regulation, set to take effect in December 2024.
This regulation will require crypto service providers in the EU to obtain prior authorization and comply with stringent anti-money laundering, cybersecurity, and governance standards. The AMF noted that while current French providers can continue operating without a European passport during the transition period until June 30, 2026, they must secure MiCA authorization to operate after July 2026.
The AMF emphasized that MiCA’s requirements exceed those of French legislation for Digital Asset Service Providers (DASPs) and encourages interested parties to prepare early by reviewing the detailed information available on their website.
Clever Robot News Desk 6th August 2024
