The Autorité des Marchés Financiers (AMF) has begun to accept applications for authorisation to become a cryptoasset service provider.
From 30 December 2024, the European MiCA Regulation will require market participants wishing to offer crypto-asset services in the European Union to obtain prior authorisation.
The following 10 services are covered by this obligation:
- providing custody and administration of cryptoassets on behalf of clients;
- operating a cryptoasset trading platform for cryptoassets;
- exchanging cryptoassets for funds;
- exchanging cryptoassets for other cryptoassets;
- executing cryptoasset orders on behalf of clients;
- placing of cryptoassets;
- receiving and transmitting orders for cryptoassets on behalf of clients;
- providing advice on cryptoassets;
- providing portfolio management on cryptoassets;
- providing transfer services for cryptoassets on behalf of clients.