The AMF, the French stock market regulator, will subject crypto firms seeking a license to stricter registration requirements.
Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.The Autorité des Marchés Financiers , the French stock market regulator, today announced amendments to local crypto regulations — in part to bring them into line with the European Union’s Markets in Crypto-Assets regime.
The two main changes are the introduction of an enhanced registration framework for so-called Digital Asset Service Providers and tweaks to align local DASP licensing requirements with MiCA, according toIn the blog post, the AMF said that DASPs seeking a license in France will be assessed for a wide range of requirements, including, “adequate security and internal control systems, systems for managing conflicts of interest, clear, accurate and non-misleading information, public pricing...
“These changes, which will apply from January 1, 2024, are also intended to anticipate the transition to the European Regulation on markets in crypto-assets by adjusting the provisions relating to licenced DASPs.” © 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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