France’s financial regulator AMF, MiCAchanged the registration requirements of crypto firms to better comply with its regulations.
European UnionCrypto regulations prepared by . MiCA, is eagerly awaited. European Union countries, MiCAIt is trying to complete the adaptation and preparation processes for
France, MiCA continues to work within the scope of harmonization processes. France’s financial regulator AMFhas tightened things up by changing the registration requirements of crypto companies.
France is on the back of crypto companies with new changes
France’s financial regulator AMF, MiCAchanged as part of the harmonization process. AMFwill enforce the change in the registration requirements of crypto companies to new players who want to serve in the country.
the country’s financial regulator AMF, 2024 announced its new amendment, which was prepared to enter into force on the first day of the year. As a result of this change, AMF has established enhanced registration requirements for digital asset service providers.
The changes will also allow for rapid procedures for companies already operating in the country with previous approval. This will be the authorization phase of companies.
Making a statement on the subject, AMF said, “ DASPs that receive a simple enrollment before January 1, 2024 enjoy a “grandparent” clause and remain subject to the framework in effect before that date.” said.
