French regulator opens applications for crypto-asset service providers
1 min read
The French markets regulator AMF has announced that it is accepting applications from crypto-asset service providers for mandatory authorisation. Applications have been open since July 1, ahead of the EU’s Markets in Crypto Assets (MiCA) rules coming into effect on December 30.
Autorité des Marchés Financiers, also known as the AMF, stated on its website that they had started accepting applications six months in advance of the MiCA rules. The AMF has listed 10 crypto-asset services that will require EU authorisation from December 30, including custody and administration of crypto-assets, operating trading platforms, exchanging crypto-assets, and providing portfolio management services.
Crypto-asset service providers must adhere to regulations on anti-money laundering, cyber security, and custody of assets. They must obtain MiCA authorisation by July 2026, with some transition periods allowed under specific circumstances.
Following the AMF’s announcement, global crypto exchange Bybit will temporarily cease offering products and services to French nationals and residents until they secure the required authorisation.
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