France mulls fast-tracking registered crypto firms to new EU rules

A “fast track” option for licensed crypto firms in France to get regulated under the upcoming Markets in Crypto-Assets (MiCA) laws has been mulled by the country’s financial regulator.

In a statement

All 60 of the AMF-registered crypto firms in France are regulated under the relaxed option and will remain that way until they are ported over to MiCA regulation.

The AMF has previously stated that any crypto firm that registers after January 2024 will have to do so under the more stringent option.

Notably, the AMF also outlined that any company regulated under either category will only be able to offer its services in France until they are ported over to MiCA.

“These actors will be able, during this period, to continue to offer their services to the French public only,” the statement reads, adding that “service providers who are approved under the MiCA regulation will be able to benefit from the European passport and provide their services in all EU countries.”

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