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Crypto.com Receives Authorisation as an Electronic Money Institution from the United Kingdom’s Financial Conduct Authority
France's 3rd largest bank approved to offer custody and trading
France: AMF aims for global standards on DeFi and DAOs
France: Significant increase in cryptocurrency-related mediation cases
French regulator AMF blacklists only two crypto websites in the whole year
What is AddMeFast ? Blockchain based crypto promotion platform
AMT (AMF?) as an elegant solution to ensuring long-term Bitcoin security
Presidential elects are going pro-crypto as an election incentive, will this be the norm globally?
ApeMetaFlip | Just STEALTH Launched | 500$ Market Cap | Coin Flip Gambling Dapp + Buyback
Mentions
Canadian financial regulators publish a list of platforms that are allowed to operated or have signed an agreement to work towards following the rules, and are allowed to operate in the meantime. Look them up and use them to buy your crypto and then send to your cousin's wallet. OSC in Ontario, BCSC in British Columbia, AMF in Québec and so forth. I believe shakepay, coinbase and kraken are on the list. You are going to want to stick to centralized exchanges if you are not familiar with Crypto. Don't click on any stangeblinks and be cautious with everything as scams are easy to fall prey to. Stay safe keeping the world safe buddy!
tldr; Coinbase Global has secured registration with the French markets regulator, allowing it to operate digital currency services in France. The approval from France's AMF watchdog grants Coinbase virtual asset service provider (VASP) status, enabling the company to offer its full range of products and services to both retail and institutional users in the country. This move is part of Coinbase's broader strategy to expand globally and onboard more people into the crypto market. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Did you checked if OSFI or CDIC could do anything to help yoh and/or indemnify you for your lost? Maybe the AMF?
tldr; France's financial regulator, the Autorité des Marchés Financiers (AMF), has introduced a new online training course to grant legitimate influencers a certificate. The initiative aims to professionalize commercial influence, which is now regulated by law. Influencers must pass a multiple-choice test to obtain the Responsible Influence Certificate, which covers traditional investment products as well as cryptocurrencies and crowdfunding. The certificate is intended to protect investors from complex or risky financial products. The AMF has been actively pushing for crypto regulation and France is considered a crypto-friendly hub for businesses registered with the AMF. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; French social media influencers, including those influencing the crypto industry, must obtain certifications in the Responsible Influence in Financial Advertising program before advertising a financial product, according to a Sept. 7 press statement. The Responsible Influence Certificate in Finance was created by the Autorité des Marchés Financiers (AMF) and the Autorité de Régulation Professionnelle de […] The post French influencers now must pass test to promote crypto and other financial products appeared first on CryptoSlate. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Not for nothing. Polygon is turning me off with this POl shit. A change of name is rarely successful AMF haven't we gone from polygon to matic to pol or polygon again.
For non Europeans/French people, French Regulators AMF = SEC
tldr; France's securities regulator, the Autorité des Marchés Financiers (AMF), is updating its regulations for digital asset service providers (DASPs) in preparation for the implementation of the European Union's Markets in Crypto-Assets (MiCA) framework by late 2024. Starting from January 1, 2024, certain DASPs in France will be required to comply with enhanced registration requirements. These requirements apply to DASPs offering custody, buying or selling for legal tender, trading of digital assets, and operating a trading platform for digital assets. The changes aim to ensure adequate security, internal control systems, conflict of interest management, public pricing policies, and specific custody provisions. DASPs that were registered before January 1, 2024, will continue to operate under the previous framework. The updated regulations also align the French DASP license requirements with the European authorization process for crypto-asset service providers under MiCA, allowing for a fast-track procedure for CASP authorization. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*
tldr; The Autorité des Marchés Financiers (AMF) in France has announced its plans to align its crypto regulations with the European Union's MiCA directive. The changes, which will be implemented by January 1, 2024, will introduce stricter registration protocols for digital asset service providers (DASPs). The updated guidelines will focus on managing conflicts of interest, expanding mandatory disclosures, and distinguishing between client and platform assets. DASPs that register after 2024 will need to adapt to these new regulations, while those registered before will be grandfathered in. The MiCA directive, approved by the European Council in May 2023, will be rolled out gradually until 2025. However, there are concerns about the exclusion of decentralized finance (DeFi) from regulation and the potential risks it may pose to financial stability. The AMF has already granted DASP status to Société Générale's SG Forge division for its crypto services. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*
The Autorité des Marchés Financiers (AMF), in its latest announcement, has detailed the nation’s intent to recalibrate its crypto policies to be in sync with Europe’s MiCA directive, starting on January 1st 2024. There is a clear push toward more stringent registration protocols for digital asset service providers (DASPs).
tldr; The French financial regulator, the Autorité des marchés financiers (AMF), has announced changes to its rules governing digital asset service providers (DASPs) in France. The amendments aim to incorporate upcoming European Union regulations on crypto-assets while enhancing registration requirements for crypto service providers. From January 2024, DASPs seeking registration will face mandatory enhanced requirements including implementing cybersecurity and internal control systems. The AMF has aligned its licensing rules with the European Markets in Crypto-Assets (MiCA) regulation, enabling licensed French DASPs to readily become MiCA-compliant crypto-asset service providers (CASPs). The rule changes will facilitate a smooth transition to MiCA oversight when the EU-wide framework takes effect in 2024, supporting innovation and growth of crypto-asset services under harmonized European regulations. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*
"The AMF (French regulator) has aligned its licensing rules with the European Markets in Crypto-Assets (MiCA) regulation, enabling licensed French DASPs to readily become MiCA-compliant crypto-asset service providers (CASPs)." Looks to be a trend
tldr; France has amended its registration requirements for crypto firms to align with the EU's new regulations for the sector. The changes will take effect from Jan. 1, 2024, and will be mandatory for new players looking to provide regulated services. The amendments cover various aspects such as security and internal control systems, managing conflicts of interest, clear information, public pricing policies, and custody provisions. The AMF recently awarded its first crypto license to Societe Generale's crypto division. Firms like Binance and Hex Trust are already registered with the regulator. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*
> Modified provisions of the AMF General Regulation for digital asset service providers cover "security and internal control systems, systems for managing conflicts of interest, clear, accurate and non-misleading information, public pricing policies, specific custody provisions (segregation of client assets vs. own assets)," and bans firms from using client assets without their express prior consent.
tldr; The relevant text of the article is about France's regulatory certainty in the crypto industry and its contrasting approach to the US Securities and Exchange Commission (SEC). France has a crypto registration regime in place and new EU laws called MiCA will take effect in 2024. The MiCA laws allow wallet providers and exchanges to operate across the EU with a single license. France's Financial Markets Authority (AMF) is open to innovation and has positioned itself as a crypto hub. The SEC, on the other hand, has launched litigation strategies against crypto companies and treats crypto as a traditional financial instrument. France's approach is seen as different and more favorable for the industry. France is also considering legislation for gaming involving non-fungible tokens (NFTs) and aims to position itself as a pioneer and leader in this area. Overall, France's regulatory certainty and openness to innovation make it an attractive destination for crypto companies. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
TLDR: Officials in France are boasting of the regulatory certainty they can offer, With a crypto registration regime in effect for years, new EU laws known as MiCA set to take effect in 2024 officials are bullish about the country’s preparedness for Web3 MiCA, which lets wallet providers and exchanges operate across the EU with a single license, “will allow this sector to go to the next gear in terms of regulatory requirements” France’s Financial Markets Authority (AMF), is “resolutely open to innovation.” France has positioned itself as a crypto hub, and companies such as Binance have registered under its existing crypto law known as PACTE, which is administered by the AMF Being regulated comes with ups and downs – as Binance found recently, when it was raided by the Paris public prosecutor for “aggravated money laundering.” Binance has said it’s cooperating with investigators, and the incident doesn’t seem to have dimmed its enthusiasm for the country. There’s “no reason to leave France because of that probe." France is hoping to build on its regulatory success by legislating for a new regime for Web3-style games involving monetizable digital objects – tradable merchandise that gives rights within the game and whose value can be increased by playing more – known by its French acronym of JONUM. If lawmakers agree on a framework in the fall, there could be a “text by the end of the year,”
tldr; Societe Generale's cryptocurrency division, SG-FORGE, has obtained a cryptocurrency regulatory license in France, making it the first institution to do so. The license allows SG-FORGE to operate as a regulated digital asset service provider (DASP) in the country. The subsidiary received regulatory approval from France's financial markets watchdog, Autorité des Marchés Financiers (AMF), on July 18. With the license, SG-FORGE can offer trading and custody of digital assets, as well as buying and selling of crypto for legal tender. This development is seen as an important step for the development of Euro CoinVertible (EURCV), a euro stablecoin launched by SG-FORGE in April. The license approval solidifies Societe Generale-FORGE's pioneering role in the crypto assets ecosystem. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Societe Generale's digital asset subsidiary, SG Forge, has become the first crypto firm to receive a full regulatory license from the French financial markets regulator, the AMF. The license allows SG Forge to trade digital assets against other digital assets and receive and transmit third-party orders. This adds to its already-approved activities of custody and trading digital assets. The license is seen as a significant achievement as it is difficult to attain and requires meeting high standards of compliance and banking security. Societe Generale has shown a strong interest in crypto, introducing a euro stablecoin and borrowing $30 million from DeFi protocol MakerDAO. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; French bank Societe Generale has obtained a license for crypto services, making it the first company in France to do so. The license allows Societe Generale's crypto unit, Forge, to offer services such as crypto custody, trading, and sales. This move comes as more mainstream financial companies globally are embracing cryptocurrencies. While several crypto firms have already registered with France's AMF market regulator, licensed firms like Societe Generale are subject to stricter rules in areas like corporate governance, IT, and compliance. The crypto market has seen a rally in 2023, driven by increasing interest from major U.S. financial firms. Bitcoin, the top cryptocurrency, reached its highest price in a year and has risen over 80% so far this year. However, it is still less than half its all-time high. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; French regulators are examining the implications of decentralized finance (DeFi) and other supervisory challenges presented by cryptoassets, as the country aims to become a leader in crypto innovation. The Autorité des Marchés Financiers (AMF) issued a report on DeFi examining the challenges that French regulators will face when grappling with this rapidly growing component of the crypto ecosystem. The report argues that events in crypto markets across 2022 demonstrate that DeFi markets remain immature and pose stability risks that will ultimately need to be addressed through regulatory intervention. Additionally, the AMF calls for global standard setting bodies to ensure that countries address the risks from DeFi in a coordinated fashion, given the global nature of DeFi technology. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; CACEIS Bank, owned by Credit Agricole and Santander, has been granted PSAN status by the Autorité des Marchés Financiers (AMF) to provide crypto custody services in France. This allows the financial institution to operate as a crypto asset custodian authorized to store users’ private keys. CACEIS is one of the leading players in the asset-servicing industry for institutional and corporate clients with assets under administration to the tune of $2.3 trillion. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
“If American players want to benefit, in the very short term from the French regime, and from the start of 2025 from European arrangements, clearly they are welcome,” AMF Secretary General Benoît de Juvigny was quoted as saying. He was referring to France’s regulatory regime for crypto service providers known as PSAN and the EU’s recently adopted Markets in Crypto Assets (MiCA) rules which should be implemented in the next 18 months
tldr; CACEIS, the asset servicing arm of Crédit Agricole and Santander, has been registered by French regulators to provide crypto custody services. The move makes CACEIS the latest traditional finance company to show an interest in moving into the crypto space. Registration with the AMF is compulsory for those providing crypto custody, exchange or trading services in France. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
DeFi is near impossible to regulate. Just yesterday this was made clear by the AMF, the French financial markets regulator. https://www.reddit.com/r/CryptoCurrency/comments/14ekovi/france\_amf\_aims\_for\_global\_standards\_on\_defi\_and/
AMF will have to answer this question.
tldr; France's top markets regulator, the Autorité des Marchés Financiers (AMF), has expressed support for globally coordinated rules for decentralized finance (DeFi). In a discussion paper, the AMF shared its "preliminary thinking on the regulatory issues" raised by the decentralized and "disintermediated" protocols that make up the DeFi ecosystem. The paper also raises associated risks and levels of control for debate. The AMF supports the development of a global coordinated approach towards regulation to ensure a global level‐playing field, which should both aim to protect investors and foster innovation. The AMF intends to increase its engagement with stakeholders to allow the emergence of a balanced regulatory framework that will help support the sound development of decentralized finance in the long run. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
“Due to the cross‐border nature and reach of DeFi activities, the AMF also supports the development of a global coordinated approach towards regulation to ensure a global level‐playing field, which should both aim to protect investors and foster innovation” So suing disrupters is not the only way to approach innovation Mr Gensler
Their reasons: >* The first reason is particularly related to the highs and lows experienced by the cryptocurrency market in 2022. >* The second factor contributing to this trend is the significant increase in cryptocurrency platforms operating in France. According to the AMF, their total number has doubled in one year. So isn't this pretty straight forward? "Number of cases rises as number of people using it rises".
tldr; The French stock market regulator, Autorité des marchés financiers (AMF), has reported a rise in digital asset-related mediations and registered digital asset service providers (DASPs) in its 2022 annual report. While the total number of cases decreased, mediation requests relating to digital assets rose, with the number of admissible cases rising from six to 17. The number of registered DASPs also rose from 28 to 59. The AMF ombudsman can only mediate cases where the DASP is registered with the AMF or the AMF has provided optional approval in cases such as initial coin offerings. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; The European Securities and Markets Authority has hired Julien Nivot, formerly of Ledger, to oversee the implementation of the EU's new crypto rulebook, MiCA. Nivot's role will involve outlining governance requirements for firms offering crypto services to European citizens, market abuse provisions, and how information will be exchanged between them and national competent authorities. He will also work on the DLT Pilot, a regulatory sandbox for market players to experiment with tokenised financial instruments. Nivot previously spent four years with the French financial authority, the AMF, as a fintech, innovation, and competitiveness policy officer. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; The French Senate has passed amendments to the crypto influencer bill, allowing crypto firms registered with France's financial regulator to hire crypto influencers without a local license. Previously, the bill had provisions that prevented companies from hiring influencers if they did not have licenses from local authorities, even if they were registered with regulators. The move is a positive development for over 60 crypto firms registered with the AMF, as influencer marketing is an important aspect of their operations. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
> The revised bill now only requires crypto firms registered with the Financial Markets Authority (AMF) — the nation’s financial regulator — to use influencers for their marketing efforts Gotta be regulated to advertise. Not a terrible idea. You don’t have to register if you don’t want to use influencer marketing. Also fuck French company Ledger.
tldr; The French Senate has approved an amendment to pending legislation that will permit registered cryptocurrency companies to enlist social media influencers for promotional and advertising purposes. The new wording would enable France’s Financial Markets Authority (AMF) to authorize companies to employ influencers to promote their products. In March 2023, 102 victims filed a lawsuit against a pair of French influencers. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
… „provided they meet certain standards and are approved by the AMF. „ So they are allowing it as a marketing tool. But there will be some kind of regulation. I‘m not a fan of that type of marketing but its not as bad as it seems, imo. Between totally unregulated and a complete ban, this would be a compromise.
tldr; The French Financial Markets Authority (AMF) has said it will explore the possibility of a “fast-track” option for registered companies as it transitions from its existing domestic regulation to the newly adopted European-wide rules. France has an existing regulatory framework for cryptocurrencies, classifying companies into two distinct tiers. The AMF has stated it will ensure its existing regulations are updated to facilitate the transition to MiCA. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; French lawmakers have proposed a ban on the promotion of certain financial products and services by electronic means, including crypto assets. The ban aims to protect consumers from potential risks while allowing for flexibility in certain exceptions to the prohibitions. If passed into law, only operators with approval from the Autorité des Marchés Financiers’ (AMF) will be allowed to advertise crypto assets in France. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Get more of today's trending news [here](https://coinfeeds.substack.com).*
In France, crypto firms currently have two options to become regulated — the first being registration and the second a hard-to-attain license. While major players like Binance, Societe Generale and, most recently, Circle have registered with the AMF, not a single firm has gained the license.
tldr; The Boston-headquartered startup Circle is seeking to become the first platform to obtain complete approval under the regulatory regime of the French Autorité des Marchés Financiers (AMF) to offer its services to the citizens. The platform is already known as a licensed and regulated money transmitter platform operating across nearly forty-eight jurisdictions within the US. It also has an in-principle authorization to offer payment services in Singapore. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Get more of today's trending news [here](https://coinfeeds.substack.com).*
Circle, a worldwide financial technology platform that also issues EUROC and USDC tokens, has declared having filed some applications for licenses in France. In line with the applications, the platform intends to become a registered institution dealing with money as well as a licensed entity offering services related to digital assets. The regulatory requirements established by the French Autorité des Marchés Financiers (AMF) and Autorité de Contrôle Prudentiel et de Résolution (ACPR) are very strict. Nonetheless, the platform is attempting to get licensed within the jurisdiction to offer its services to the citizens. If authorized, Circle would become the initial platform to obtain complete approval under the regulatory regime of the AMF. This move points toward the company’s determination to push the boundaries of its activities within Europe and France would turn into a chief hub for the operations of Circle. After being registered with the AMF, Circle will be capable of offering a package of services and products to clients in France while completely complying with regional regulations.
"AXA Investment Managers was registered as a crypto services provider in France as of Tuesday, according to the website of financial markets regulator the AMF. The announcement means the company, part of the AXA Group insurance company, which says it has 95 million clients in 50 countries, joins Binance, Bitstamp and Societe Generale in passing governance and money laundering checks set by French law."
> France is reportedly close to enacting new regulations that will require cryptocurrency firms operating in the country to obtain a license from the French Financial Markets Authority (AMF). The proposed legislation aims to strengthen anti-money laundering measures and protect investors from fraud. The licensing process will involve a detailed application process, including background checks on company executives, and will require firms to meet strict criteria related to their financial stability and security measures. The move is seen as part of a broader push by European regulators to bring cryptocurrencies under stricter oversight and regulation. I am become Coinfeeds Bot, summarizer of articles
Although it sounds a bit like it's temporary/ transitory until the EU's MiCA comes into effect, and also doesn't apply to 60 crypto companies (ie exchanges/etc) already registered with the AMF (Financial Markets Authority) Broadly pretty positive moves though I think.
tldr; Bank of France Governor Francois Villeroy de Galhau has called for more stringent licensing requirements for crypto companies in France, citing the current turmoil in the crypto markets. Currently, crypto businesses providing crypto trading and custody are required to be “registered” with the Financial Markets Authority (AMF). *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Update Young Platform gets licence to operate in France from Autorité des Marchés Financiers (AMF) *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Bank of France Governor Francois Villeroy de Galhau has urged for more stringent licensing requirements for crypto companies in France, citing the current turmoil in the crypto markets. Currently, crypto businesses providing crypto trading and custody are required to be “registered” with the Financial Markets Authority (AMF). *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
**The link isn't working, so I'll paste the article** Following the global trend of tightening the crypto regulation in the aftermath of recent market failures, France may reassess its eased regime of licensing for digital asset providers. That would challenge the nation’s efforts to present itself as one of the most pro-crypto countries in Europe. According to the Financial Times, Hervé Maurey, a member of the French Senate’s finance commission, proposed an amendment to eliminate a clause enabling crypto companies to operate without a full license until 2026. The current regime preserves this possibility even after the Markets in-Crypto Assets (MiCA) came into law in 2024. Maurey’s amendment will end the option to operate without stringent checks as it will oblige companies to obtain a license from the Autorité des Marchés Financiers (AMF) from October 2023. In his words, the FTX collapse was a game-changer in that regard: >“This led a number of players within the French system to consider that things needed to be supervised more tightly.” Currently, there are at least 50 registered companies that operate in France without a license from AMF. An ex-member of the AMF board, Thierry Philipponnat, considers the level of investors’ protection within this regime as “very light if not non-existent.” The amendment was adopted by the Senate on Dec. 13 and will head to Parliament deliberations in January 2023. The local industry’s association, Developing the French Digital Asset Industry (Adan), regard the amendment as a sign of “abandoning an industry of the future” by French lawmakers. The government of Emmanuel Macron, who has recently started his second presidential term, is famous for its vocal support of the digital assets industry. Back in April, before the second round of the presidential election, Macron expressed his faith in the necessity of raising the number of tech unicorns in the country, developing an NFT policy and the “European metaverse.” However, he also shared his skepticism toward the self-regulated financial sector.
tldr; Société Générale has received a license as a digital asset service provider from AMF France and now it has the liberty to indulge in crypto assets *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
J'ai rendez vous avec l'AMF la semaine prochaine à Paris. Ils ont l'air très intéressés par le cas.
tldr; Binance has become the first digital asset trading platform to be registered in France. The exchange has received approval from the country's stock market regulator, Autorité des marchés financiers (AMF). Binance has also received licenses in the UAE, Bahrain, and Puerto Rico. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
"Binance is now listed as a registered digital asset service provider by French stock market watchdog AMF. The move makes France the first major European nation to give Binance the greenlight. Changpeng Zhao, Binance’s CEO and founder, described France as “very progressive” in adopting crypto."
tldr; The Arab Monetary Fund (AMF) has named RippleNet as a possible alternative to central bank digital currencies (CBDCs). The AMF’s Arab Regional Fintech Working Group says there is considerable risk for a nation to issue a CBDC, including the possibility that local currencies eventually lose their basic utility. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; The Arab Monetary Fund (AMF) has named RippleNet as a possible alternative to central bank digital currencies (CBDCs). The AMF’s Arab Regional Fintech Working Group says there is considerable risk for a nation to issue a CBDC, including the possibility that local currencies eventually lose their basic utility. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Robert Ophèle, the chairman of France’s markets watchdog AMF, said global regulators are “going full steam” on cryptocurrency regulation. “The current structure is no longer fit for the purpose with the development of cross-border digital market activities,” he said. He added that the European Union needs a powerful watchdog for markets, like the European Central Bank is for banking. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*