French Regulator Initiates Crypto Service Provider Authorization Process
Tuesday, 6 August 2024, 01:30
Introduction
The French financial regulatory authority has begun accepting applications for authorization as a crypto asset service provider.
Significance of the Move
- This initiative is part of the implementation of the Markets in Crypto-Assets (MiCA) regulation.
- It aims to establish a systematic framework for crypto markets across Europe.
Conclusion
By accepting applications, France is demonstrating its commitment to fostering innovation while ensuring regulatory compliance in the crypto industry. This move is expected to lead to greater investor protection and a stronger market overall.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.