🚀 Hexarq Gains Approval For Crypto Services In France
#Hexarq #CryptoServices #France #AMF #Cryptocurrency #BPCE #DigitalAssets #CASP #Finance #Banking #Investment #CryptoMarket #Regulation
According to Cointelegraph, France's financial markets regulator, the Autorité des Marchés Financiers (AMF), has granted approval for the cryptocurrency operations of Hexarq, a subsidiary of the French bank BPCE. This authorization, announced in an official AMF notice on December 20, allows Hexarq to operate as a crypto asset service provider (CASP) in France.
With this regulatory approval, Hexarq is now authorized to offer a range of cryptocurrency services, including custody, buying, selling, and trading of cryptocurrencies against the euro. This development marks a significant step for BPCE, one of Europe's top ten banks, as it plans to integrate Hexarq's crypto services into its main banking networks, Banque Populaire and Caisse d'Épargne, by 2025. This integration will potentially provide access to cryptocurrency investment services for BPCE's 35 million customers, with the bank's assets under management reaching approximately 1.3 million euros by the end of September 2024.
Hexarq, launched in January 2021, focuses on digital assets, including cryptocurrencies and tokenized real-world assets. The AMF's approval makes Hexarq the fourth crypto business to receive CASP authorization in France. Other companies that have obtained similar approvals include Société Générale's crypto subsidiary, Forge, Deblock SAS, and GOin SAS. The AMF began accepting CASP applications in August 2024, ahead of the full enforcement of the Markets in Crypto-Assets regulations set for December 30.
Despite the approval, BPCE has not disclosed further details about the launch of its cryptocurrency services in 2025. The entry of BPCE into the crypto market is anticipated to have a significant impact, given the bank's extensive customer base and substantial assets under management. This move aligns with the growing trend of traditional financial institutions exploring the cryptocurrency sector, driven by increasing demand for digital asset services.#Hexarq #CryptoServices #France #AMF #Cryptocurrency #BPCE #DigitalAssets #CASP #Finance #Banking #Investment #CryptoMarket #Regulation
🚀 CoinShares Secures EU MiCA Regulatory Approval
#CoinShares #MiCA #cryptocurrency #EUregulation #AMF #stockmarket #investment
According to Foresight News, cryptocurrency asset management firm CoinShares has received regulatory approval under the European Union's Markets in Crypto-Assets (MiCA) framework. This license was granted by the French Financial Markets Authority (AMF) and includes CoinShares' existing permissions under the EU's MiFID and AIFM directives.
Following the announcement, CoinShares' stock price rose by 1.7% to 120 Swedish kronor, approximately $12.66. Since the beginning of the year, the company's stock has increased by 46%.#CoinShares #MiCA #cryptocurrency #EUregulation #AMF #stockmarket #investment
🚀 Swiss Bitcoin App Relai Secures MiCA License from French Regulator
#SwissBitcoinApp #Relai #MiCALicense #FrenchRegulator #BitcoinInvestment #ForesightNews #AMF #MarketsInCryptoAssets #EgoDeathCapital #SeriesAFunding #BitcoinFund #Timechain #SolitGroup #Zurich #BTC
According to Foresight News, Swiss Bitcoin investment app Relai has obtained a Markets in Crypto-Assets (MiCA) license from the French Financial Markets Authority (AMF). This license will allow Relai to offer several regulated Bitcoin investment services through its application.
Founded in Zurich in 2020, Relai successfully raised $12 million in a Series A funding round led by U.S. venture capital firm Ego Death Capital at the end of 2024. Other investors in the round included Plan B Bitcoin Fund, Timechain, and Solit Group.#SwissBitcoinApp #Relai #MiCALicense #FrenchRegulator #BitcoinInvestment #ForesightNews #AMF #MarketsInCryptoAssets #EgoDeathCapital #SeriesAFunding #BitcoinFund #Timechain #SolitGroup #Zurich #BTC
🚀 France Adjusts Policy on Retail Crypto Index ETNs
#France #Cryptocurrency #RetailCrypto #ETN #AMF #RegulatoryChanges #UK #NordeaBank #CoinShares #ETP #CryptoETN #EuropeanMarket #CryptoInvestments #RetailInvestors #NordicRegion #CryptoPolicy
According to ChainCatcher, the French Financial Markets Authority (AMF) has recently revised its policy to permit the retail sale of cryptocurrency index ETNs and remove the warning label requirement for eligible products. This move aligns with the UK's decision to lift the retail crypto ETN ban in October 2025 and Nordea Bank's plan to offer Bitcoin ETPs in December, marking a regional shift in regulatory approaches.
Data indicates that CoinShares holds a 32% share of asset management in the European cryptocurrency ETP market, with its physical platform seeing a net inflow of $1 billion since the beginning of the year. The European crypto ETN market has recorded an inflow of €2.5 billion this year. These regulatory changes expand the potential market reach, including 14 million active retail investors in the UK, nearly a quarter of adults in France holding financial investments, and 9 million private clients in the Nordic region.#France #Cryptocurrency #RetailCrypto #ETN #AMF #RegulatoryChanges #UK #NordeaBank #CoinShares #ETP #CryptoETN #EuropeanMarket #CryptoInvestments #RetailInvestors #NordicRegion #CryptoPolicy
🚀 French Crypto Firms Face Licensing Deadline Amid Regulatory Transition
#FrenchCrypto #CryptoLicensing #AMF #MiCA #ESMA #RegulatoryDeadline #CryptoRegulation #EUcrypto #FranceCrypto #CryptoExitStrategy
According to ChainCatcher, the French Financial Markets Authority (AMF) has reported that nearly one-third of cryptocurrency companies operating in France without an EU license have yet to inform regulators whether they plan to apply for a license or cease operations by July. Currently, among approximately 90 registered crypto firms lacking MiCA authorization, 30% have applied for a license, 40% have explicitly stated they will not apply, and the remaining 30% have not disclosed their plans. The transitional period for crypto regulation in France is set to conclude on June 30, with the European Securities and Markets Authority (ESMA) requiring unauthorized companies to establish or implement an orderly exit strategy before the deadline.#FrenchCrypto #CryptoLicensing #AMF #MiCA #ESMA #RegulatoryDeadline #CryptoRegulation #EUcrypto #FranceCrypto #CryptoExitStrategy
🚀 France's AMF Highlights MiCA Compliance Deadline for Crypto Firms
#France #AMF #MiCA #Crypto #CASP #Compliance #Deadline #Regulation #NS3AI #FinancialRegulation #FranceCrypto
France's financial regulator, the Autorité des Marchés Financiers (AMF), has issued a reminder regarding the upcoming conclusion of the MiCA transitional period. According to NS3.AI, the deadline for compliance is set for July 1, 2026. Crypto firms operating within France are required to obtain MiCA CASP authorization to continue their operations legally beyond this date. The AMF advises firms that are either unwilling or unable to meet these requirements to cease their activities before the deadline.#France #AMF #MiCA #Crypto #CASP #Compliance #Deadline #Regulation #NS3AI #FinancialRegulation #FranceCrypto