Circle’s Secure French Registration: Conditional Approval for Digital Asset Services by AMF

The post Circle’s Secure French Registration: Conditional Approval for Digital Asset Services by AMF appeared first on Coinpedia Fintech News

• Circle receives conditional DASP registration in France from AMF.
• Coralie Billmann is responsible for leading licensed operations in France, subject to regulatory approval.
• Circle aims to obtain an Electronic Money Institution license to satisfy conditions for starting operations in France.

Circle, a leading financial technology company and issuer of stablecoins USDC and EURC has secured a conditional registration as a Digital Asset Service Provider (DASP) in France from the country’s financial regulator, the Autorité des Marchés Financiers (AMF). Circle’s move comes as the company strengthens its commitment to France and the European Union. In this article, we will explore Circle’s latest regulatory milestone and its plans for establishing a comprehensive EU regulatory platform.

Conditional Registration by France

The AMF has granted Circle a conditional registration as a DASP, which means that Circle must meet certain conditions before it can fully operate in France. These conditions include obtaining approval as a payment services provider (PSP) or registering as an agent of a PSP, which can be achieved by obtaining an Electronic Money Institution (EMI) license.

DASP allows it to provide digital asset services to professional investors in France. These services may include buying, selling, and holding digital assets on behalf of clients, as well as facilitating the issuance and redemption of digital assets.