To attract more crypto companies to France, the government made two moves to open borders and take advantage of the clarity in industry regulations.
What Happened: Circle received conditional registration as a digital asset service provider from the Financial Markets Authority (AMF) of France. Issuer of USDC (CRYPTO: USDC) and EURC (CRYPTO: EURC), Circle added payments industry veteran Coralie Billmann for heading its licensed operations in the country, post regulatory approval.
The conditions for registration are that Circle should receive approval as a payment services provider (PSP) or registration as an agent of a PSP. This is possible through the Electronic Money Institution license, for which ...