The French financial regulator AMF stated on Thursday that it has changed its registration procedures for crypto businesses to better conform with the European Union’s new regulations for the sector.
The EU countries are prepared to implement the newly finalised Markets in Crypto Assets (MiCA) regulation for digital assets and enterprises wishing to serve the single market, which is slated to go into force in the next 12 to 18 months.
France, which already has a robust licencing structure in place for crypto enterprises, has been courting companies to register in the nation.
The “enhanced” registration rules are slated to go into effect on January 1, 2024, and will be required for “new players” wishing to supply any regulated services, according to the AMF.
